Pakistan exports keep $2b mark in four consecutive months, says commerce advisor

ISLAMABAD: For the first time in 8 years the exports have crossed the 2-billion mark in four consecutive months, said premier’s commerce advisor Abdul Razak Dawood announcing an eight per cent jump in January exports on year-on-year, ARY News reported.

Last year January, Pakistani exports stood at US$1.98 billion which, he said, have grown 8 pc to US$2.14 billion this passing month.

“I am happy to share that our exports have maintained growth,” Dawood said in a tweet earlier today, adding another achievement that Jul-Jan 2020-21 exports have increased by 5.5 pc as well, to US$14.2 billion on YoY.

For the last year’s corresponding period, the exports were US$13.507 billion during, he noted.

He congratulated export industry’s resolve who “achieved this feat despite difficulties created by COVID pandemic, regional export situation, and contraction in major markets”.

“Our cumulative exports for seven months of FY 2020-21 are showing a rising trend,” Abdul Razak Dawood said.

Concluding his announcement and message to masses, the commerce advisor also wished and reassured exporter community to “please go full speed ahead in exporting your products & in case of any hurdle, inform MOC [ministry of commerce]”.

READ: Ogra notifies over Rs10/kg increase in LPG price

Separately earlier today, the Oil and Gas Regulatory Authority (Ogra) notified a Rs10.37 per kilogramme increase in price of Liquefied Petroleum Gas (LPG) for the month of February.

According to a notification issued by the regulatory body, the price of an 11.8 kg LPG cylinder for domestic consumers has been jacked up by Rs122.36 to Rs1863.14. The previous price of the cylinder was Rs1,741.

Whereas, the price of a commercial cylinder has been increased by Rs471 to Rs7,168 from Rs6,697.

On Jan 31, the federal government increased the price of petrol by up to Rs2.70 per litre for the next 15 days of February, according to a notification issued by the Ministry of Finance.