Growth in Pakistani exports reflects healthy trend: Abdul Razzaq Dawood

Growth in Pakistani exports reflects healthy trend: Abdul Razzaq Dawood

Adviser to the Prime Minister on Trade Abdul Razzaq Dawood. Image: File

On Thursday, Abdul Razzaq Dawood, Advisor to the Prime Minister on Trade, said that Pakistan’s export industry has grown in the month of November 2020.

According to Geo NewsSharing some statistics on his official Twitter account, he told the public that Pakistan’s various exports have seen significant growth, including domestic textiles (20%), pharmaceutical products (20%) and rice (14%). , Surgical equipment (11%), socks and socks (41%), and jerseys and bridges (21%).

“Women’s clothing exports have increased by 11%, while men’s clothing has increased by 4.3% compared to November 2019,” she wrote.

“This is in line with our policy of promoting value-added exports and reflects a healthy trend,” the adviser wrote.

According to the article, the first quarter of the current financial year 2020-21 (Fiscal Year 20-21) saw positive signs in Pakistan’s economy when remittances increased by 26.5% and foreign direct investment by 9.1%. Wind, tax collection increased by 4.5%. And the basic balance has been in surplus of Rs 258 billion.

According to official sources, the PTI government’s “prudent and timely policies” boosted mass manufacturing (LSM), which grew by 4.8 per cent, while the cement sector expanded by 20 per cent to 100 per cent. Capacity utilization increased.

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