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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.