Monday, April 15, 2024

For the first time ever, Pakistan’s exports to US cross $400m in a month

The nation’s total exports to the US crossed the $400 m figure in each of the months of October and November which is an economic milestone for Pakistan. This achievement, which Pakistan has accomplished for the first time in its history, was shared by Abdul Razzak Dawood, Advisor to the Prime Minister on Trade and Investment.

This “Great Achievement by our Exporters” was posted on Twitter by the Prime Minister’s advisor and urged exporters to export to the US even more vigorously in order to grab a greater share of the market. He also emphasized the fact that this was the first time in a month that the country’s exports to the USA had reached the $400 million mark.

The consultant reported last week that Pakistan’s exports had reached the $2 billion mark in November for the second consecutive month.

He further claimed that according to preliminary statistics obtained by the government, exports increased by 7.2 percent year on year in November.

“We have only obtained preliminary data on the export of products. I would like to congratulate our exporters on the fact that our exports increased by 7.2% in November 2020 over the same period last year in these very difficult times with the revival of COVID-19 cases in Pakistan and worldwide,” he wrote.

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