Goods exports rise 18pc to reach all-time high at $25.3bn: Ministry June sets new record of $2.7bn exports Cumulative exports of goods & services in FY 2020-21 set to cross $31bn mark
July 2, 2021
Export of goods grew by 18 percent to $25.3 billion during the fiscal year 2020-21, which is the highest ever in the history of Pakistan.
According to the data shared by the Ministry of Commerce on Thursday, the exports in June 2021 were also the highest in any month in the past and remained at $2.7 billion. The exports of services for the year are projected to be $5.9 billion. The cumulative exports of goods and services during the fiscal year 2020-21 will, therefore, cross the $31 billion mark.
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Senator Saleem Mandviwalla raised the issue that exports had remained stagnant at 2013 level of $24bn in FY21. AFP/File
ISLAMABAD: The Senate Standing Committee on Commerce has asked the Ministry of Commerce to explain reasons for stagnant export proceeds from the country in the last decade with Pakistan also lagging behind in the region.
The committee chaired by Senator Zeeshan Khanzada on Monday showed its concerns over the low exports and sought reasons from the commerce ministry in the next meeting.
Senator Saleem Mandviwalla raised the issue that exports had remained stagnant at 2013 level of $24bn in FY21. “We are also lagging behind Bangladesh and Vietnam having annual export earnings of $50bn and $100bn, respectively,” he added.