ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said on Thursday the country’s exports recorded a 19.5 per cent decline during August due to “unprecedented monsoon rains.”
Taking to Twitter, he said: “Due to the unprecedented monsoon rains, resulting in disruption of supply chain, our exports for the month of August 2020 have recorded a decline of 19.5%, as compared to August 2019.”
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However, he added, the positive sign is that regardless of this temporary decline, the country’s trade balance continues to improve.
… our trade balance continues to improve. Exporters are encouraged that despite the calamity of rain and flooding, we must pursue Make in Pakistan policy and export-led growth. I have every confidence in our exporters that they will make up for the loss of August 2020. 2/2
— Abdul Razak Dawood (@razak_dawood) September 3, 2020
“Exporters are encouraged that despite the calamity of rain and flooding, we must pursue Make in Pakistan policy and export-led growth. I have every confidence in our exporters that they will make up for the loss of August 2020.”
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