News & Update

Pakistan Achieves The Highest Ever Export Target

ISLAMABAD: Pakistan has achieved its highest ever export target set for the outgoing fiscal year, with an 18 percent increase from the previous year, ARY NEWS reported quoting Information Minister Fawad Chaudhry. Taking to Twitter, Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood said: “Our exporters have done it!! It gives me immense pleasure to share that our exports of Goods during FY 2020-21 stand at USD 25.3 billion. These are the highest-ever exports of Goods in the history of Pakistan. The previous highest was USD 25.1 billion in 2013-14,”. Fawad Chaudhry also said that if the services sector was also included, then Pakistan’s exports crossed over the mark of US$31 billion. “For the next years to come, Pakistan’s exporters will be a pillar in the economic stability of the country,” the information minister shared in a message on micro-blogging site. It may be mentioned here that the finance ministry released an economic outlook report for the month of June 2021, highlighting an increase in exports, imports, remittances, and production of large-scale manufacturing (LSM) during the outgoing fiscal year.