Tuesday, March 5, 2024

Pakistan’s IT Sector Achieves Highest Ever Export Receipts in a Month

Pakistan’s PM for Commerce and Investment, Abdul Razak Dawood said that Pakistan’s December 2020 exports had risen by 18.3 percent to $2.357 billion.

Pakistan’s exports rose in December for the fourth consecutive month.

He said that this was the highest export ever in December, adding, “Our exports grew by 4.9 percent to USD 12.104 billion for the period July-December 2020, in comparison to USD 11.533 billion in the same period of previous year.”

It should be noted here, however, that the figures shared by the advisor on Friday afternoon are preliminary figures from the Ministry of Commerce. The Pakistan Bureau of Statistics (PBS) has yet to publish actual data on exports, as well as other factors, such as trade deficits.

Sharing the provisional details, Dawood said that this demonstrates the resilience of Pakistan’s economy, and it is an evidence of the strategy of the government to keep the economy moving in times of COVID-19 pandemic.

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