Pakistan’s exports to the UK crossed Rs1 billion, in a record for the “first six months of any financial year”, Adviser to the Prime Minister for Commerce and Investment Razak Dawood said Saturday.
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Dawood said that the exports to the UK increased from $852 million during July-Dec 2019 to $1.29 billion during July-Dec 2020.
Moreover, in Dec 2020, these exports grew by 47% to $189 million as compared to $129 million in Dec 2019, Dawood said, as he encouraged exporters to grab a greater share of the market.
“I also commend the efforts of [Ministry of Commerce’s] trade officers posted in the UK and urge them to work harder in finding opportunities for our exporters and provide facilitation to our businessmen,” he added.
A day earlier, the adviser said that Pakistan’s exports to the US had risen by 27% in December 2020, as compared to last year.
He said that the exports to the US had gone up from $334 million in December 2019 to $425 million in December 2020.
“This is the first time that our exports to [the] US have crossed US dollar 400 million-mark for three consecutive months,” Dawood disclosed.
Sharing more details, Dawood said that from July to December 2020, the exports to the US grew by 18.4% — USD 2,412 million — as compared to USD 2,037 million in the same period last year.
“It is a great achievement by our exporters [and] I encourage them to strive to obtain a greater share of the market,” Dawood added.
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