ISLAMABAD: During the month of March Pakistan’s exports raised to $2.773bn at a rate of 17.3% in comparison with $2.365bn recorded in the same period last year.
Contrarily, the preliminary data from the Pakistan Bureau of Statistics (PBS) shows that on an MoM basis the exports have dropped by 2% to $2.77bn in March 2022, as compared to $2.82bn during the month of February.
Abdul Razak Dawood, the advisor to the PM on Commerce and Investment, posted on a social media platform: “We are glad to share that Pakistan’s exports for Mar-2022 grew by 17.3% to $2.773bn as compared to $2.365bn Mar-2021.
For Jul-Mar 2022, our exports grew by 25% to $23.332bn as compared to $18.688bn in Jul-Mar 2021. This is an increase of $4.644bn.”
For maintaining the momentum of exports, Dawood applauded the exporters by saying that “our exports are in line with our targets & we expect to achieve our yearly target.”
According to the figures released by the State Bank of Pakistan (SBP), during the month of February Pakistan’s current account deficit was $545 mln, which was over 16 times more than it was during the same month last year.
During the period of the first eight months i.e. July- February of the current fiscal year 2021-2022 the trade deficit increased by 82.2%, and it reached $31.959bn in contrast to $17.535bn during the same period of 2020-2021.
For more news and blogs about major exports of Pakistan, visit Graana Blog.
Swat, famously known as the "Switzerland of Pakistan," is a land of mesmerizing beauty. It is…
Millennials, often referred to as the “financially cautious generation,” are reshaping the investment landscape. Known…
Graanic, Pakistan's premier organic food brand, has officially launched its new restaurant at Mall of…
If you’re looking for a destination that combines breathtaking views, a peaceful ambiance, and unforgettable…
The real estate sector in Pakistan is undergoing significant transformations, and wealth management strategies are…
December 19, 2024— In a significant move, the federal government has announced an increase in…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
