Pakistan’s exports witness decline to $2.1 billion in April

ISLAMABAD  –  Pakistan’s exports have declined to $2.191 billion in April, which is 7.36 per cent less than the previous month. In April, Pakistan’s exports have declined by $0.174 billion as compared to March, according to the official data. In April Pakistan’s exports were $2.191 billion which were $0.174 billion less than the exports of $2.365 billion in March.

However, exports for Jul-April 2021 grew by 13 per cent to $20.879 billion as compared to $18.408 billion during the same period last year, said Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood here Sunday.

Taking to Twitter, Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood said “Alhamdulillah, Pakistan’s export for April 2021 stood at $2.191 billion. This is the first time since 2011 that our monthly exports have crossed the 2-billion mark for seventh consecutive months. The export growth of 129 per cent over Apr-2020 cannot be taken into account due to lockdown last year. Exports for Jul-April 2021 grew by 13 per cent to $20.879 billion as compared to $18.408 billion during the same period last year,” Pakistan’s exports for April 2021 stood at $2.191 billion, he further said.

“This is the first time since 2011 that our monthly exports have crossed the 2-billion mark for 7 consecutive months,” Abdul Razak Dawood said. “Our exporters deserve full credit for making this possible under testing global conditions,” he added.

It is worth to mention here that in March Pakistan’s exports witnessed a growth of 13.4 per cent and reached to $2.345 billion, which was higher than the February’s exports of $2.068 billion. The country imports also grew from $4.601 billion in February to $5.313 billion in March, mainly due to increased imports of petroleum, wheat, soy bean, machinery, raw material chemicals, mobiles, fertilisers, tyres and antibiotics and vaccines.

Article source: https://nation.com.pk/03-May-2021/pakistan-s-exports-witness-decline-to-dollar-2-1-billion-in-april