Pakistan Reports Record Increase in December 2020 Exports

Pakistan has witnessed a record increase in December 2020 exports compared to the previous year. Prime Minister’s Advisor on Commerce and Investment, Abdul Razak Dawood, has revealed this in a tweet. He revealed that Exports stood at a staggering $2.357 billion compared to $1.993 billion in December 2019, which shows that the economy is recovering at a stable rate despite the pandemic second wave.

Pakistan Reports Record Increase in December 2020 Exports

See Also: IT exports witness a surge of 39% current fiscal year

While announcing the figure, this is what the advisor said on Twitter:

It gives me immense pleasure to inform that, Alhamdolillah, according to provisional data, Pakistan exports for the month of December 2020 have grown by 18.3% to USD 2.357 billion as compared to USD 1.993 billion in December 2019, an increase of USD 364 million over December 2019.1/4

He also revealed that it is the highest ever export increase in the month of December.  He also said,

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This is the HIGHEST EXPORT EVER IN THE MONTH OF DECEMBER. For the period July-December 2020, our exports increased by 4.9% to USD 12.104 billion as compared to USD 11.533 billion in the corresponding period last year.

He further added;

This shows the resilience of the economy of Pakistan and it is a vindication of the government’s policy to keep the wheels of economy running during COVID-19 pandemic. I commend our exporters for achieving this feat during these testing times.

The Government is also working to take IT exports to $5 billion by 2023.

The State Bank of Pakistan has also shared the data revealing that the IT exports in Pakistan have witnessed a surge of 39 percent to Rs.763 million in the first 5 months the current fiscal year (FY21). Meanwhile, for the month of November this year, IT exports rose by 51% according to the report shared by SBP.

Source: TechJuice

Onsa Mustafa

Onsa is a Software Engineer and a tech blogger focuses on providing the latest information regarding the innovations happening in the IT world. She likes reading, photography, travelling and exploring nature.
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