business
Wednesday Dec 01 2021
By
BDBusiness Desk

Exports rise by 33% in November to historic monthly high: Razak Dawood

By
BDBusiness Desk
— Reuters/File
— Reuters/File

  • "Pakistan’s exports during Nov 2021 increased by 33% to a historic monthly high of $2.903bn," Razak Dawood announces.
  • During the first five months of FY22, exports have increased by 27% to $12.36bn.
  • From Jan to Oct, domestic manufacturing mobile plants in Pakistan produced 18.87m mobile units.


KARACHI: Exports grew by 33% to $2.9 billion in November 2021, compared to $2.17 billion in November 2020, Adviser to the Prime Minister on Commerce Abdul Razak Dawood announced on Wednesday.

In a series of tweets, the advisor said: "Pakistan’s exports during Nov 2021 increased by 33% to a historic monthly high of USD 2.903 billion...target for the month was $2.6 billion."

In addition, Dawood said that exports during the first five months (July-November) of the current fiscal year have increased by 27% to $12.36 billion as compared to $9.74 billion during the same period of FY21.

Highlighting that the exports have surpassed the set target, he underlined that the target for this period was $12.2 billion.

The adviser said that import figures are being analysed in consultation with other government departments and would be released shortly.

‘Make in Pakistan philosophy giving the results’

A day earlier, Dawood had announced that from January to October 2021, domestic manufacturing mobile plants in Pakistan produced 18.87 million mobile units.

Citing Pakistan Telecommunication Authority (PTA), the adviser said that the total number includes 7.93 million 4G mobile phones. Meanwhile, a total of 9.45 million mobile phones was imported during the period under review.

“Ministry of Commerce’s ‘Make in Pakistan’ philosophy is giving the results and we look forward to sustainable growth for the long run,” he wrote on Twitter.