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Sunday, October 2, 2022

33% increase in exports recorded in last 9 months of PTI Government

Pakistan exports increased by 33% to reach Rs. 4 trillion in the last 9 months of the Pakistan Tehreek-e-Insaf Government.

According to the Pakistan Bureau of Statistics (PBS), the country’s exports increased by 33.09 percent in rupee terms during the first three quarters of the current fiscal year compared to the same period last year.

According to PBS preliminary figures, exports during July-March (2021-22) were Rs4,019,637 million, compared to Rs3,020,244 million during July-March 2020-21. Previously Pakistan have recorded increase in exports each and every day to reach the Rs. 4 trillion mark.

For the first time, Pakistan’s exports in February remained above $100 million per day

Meanwhile, the country’s exports increased by 35.45 percent year on year in March 2022 when compared to March 2021. Exports in March 2022 totaled Rs499,724 million, compared to Rs368,925 million in March 2021.

Month on month, exports increased by 0.49 percent in March 2022 compared to February 2022 exports of Rs497,273 million. Textile is one of the area where the exports have increased. The increase started in Covid lockdown time when other countries faced many issues compared to Pakistan.

Pakistan’s Textile Exports To USA increased by 50% to $15 billion, surpassing India And Bangladesh

Knitwear (Rs. 76,350 million), readymade garments (Rs. 61,937 million), bed wear (Rs. 46,869 million), cotton cloth (Rs. 37,732 million), rice others (Rs.33,981 million), towels (Rs.18,483 million), cotton yarn (Rs.16,594 million), madeup articles (Rs.12,669 million), rice Basmati (Rs.11,463 million) (Rs.8,148 million).

Imports, on the other hand, totaled Rs10,120,638 million during July–March, 2021–2022, up from Rs6,376,138 million during the same period last year, representing a 58.73 percent increase.

Pakistan rice exports increased by 10.73pc to $1.066 Billion in 1st half of financial year 2021-22

Similarly, imports into Pakistan in March 2022 totaled Rs. 1,154,120 million, up from Rs. 1,027,152 million in February 2022 and Rs. 878,602 million in March 2021, representing a 12.36 percent increase over February 2021 and a 31.36 percent increase over March 2021.

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