Islamabad: According to a tweet by Adviser to Prime Minister on Commerce Abdul Razak Dawood on Sunday, Pakistan’s exports have exceeded $2 billion for seven consecutive months (October-April) of FY21.

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Dawood announced on Twitter that Pakistan’s exports for April 2021 totaled $2.191 billion.

“This is the first time since 2011 that our monthly exports have crossed the 2-billion mark for 7 consecutive months.”

He reported that commodities sent abroad increased by 129% in April 2020, but that the month could not be considered due to the lockdown last year.

He also stated that exports increased by 13% to $20.879 billion in July-April 2021, compared to $18.408 billion in the same period last year.

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While Covid-19 is expected to affect Pakistan’s exports this fiscal year, the International Trade Centre’s latest export potential assessment for Pakistan predicts a $12 billion increase in exports by 2024.

The study, based on a survey of 1,152 importers and exporters, identifies the most difficult trade barriers that Pakistani businesses face. It informs policymakers on which strategies, processes, and facilities need to be improved to lower trade costs and increase productivity.

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