Pakistan's exports increase to $31.3 bln in FY21: Razak Dawood
Last updated on: 01 July,2021 02:37 pm
IT exports remained above $2 billion in last FY: Razak
ISLAMABAD (APP) - Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood said Thursday that the country’s exports increased to 31.3 billion during the last fiscal year (2020-21), reflecting government’s successful trade policy.
As Compared to the previous financial year (FY2020), exports increased by 18 percent during 2020-21, despite the negative impact of Covid-19, the adviser said this while addressing a press conference here.
He said that during the outgoing financial year, country’s merchandize exports stood at $25.3 billion, while services exports reached to $ 6 billion. He said that during the last month of June 2020-21, domestic exports exceeded $2 billion.
Similarly, Information Technology (IT) exports remained above $2 billion in last Fiscal Year, he added.
He said that the government would sign a Preferential Trade Agreement (PTA) with Uzbekistan on July 7.
He said the government was working on ‘Tariff Rationalization’ and would rationalize 4,000 tariff lines in the next financial year 2022.