Exports climb to highest level in July
Rupee depreciation, opening of economies in West helped improve exports
KARACHI:
Pakistan posted the highest-ever exports for the month of July as shipments reached $2.35 billion, up 17.3%.
Taking to his official Twitter handle, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood announced, “During the first month of financial year 2021-22, our exports grew at 17.3% to $2.35 billion as compared to $2 billion in July 2020.”
“These are the highest-ever exports for the month of July,” he added.
The recent rupee depreciation against the US dollar and opening of economies in the West helped improve exports in July 2021, said Topline Securities’ economist Atif Zafar while talking to The Express Tribune.
More carmakers announce price reduction
String of price cuts came after govt unveiled tax incentives in new policy
KARACHI:
After Pak Suzuki Motor Company and Indus Motor Company, KIA Lucky Motors, Honda Atlas Cars and Hyundai Nishat have also announced reduction in prices of their vehicles in order to pass on the benefit of tax withdrawal to consumers.
On July 7, the federal government announced tax incentives under the new auto policy, which have now sparked a string of price cuts by the auto companies.
Honda Atlas Cars reduced the price of Civic 1.5 RS Turbo by Rs135,000, which dropped from Rs4.7 million to Rs4.56 million.
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