Islamabad: Pakistan’s goods exports hit a new high of $25.3 billion in the fiscal year 2020-21 (FY21), surpassing the previous high of $25.11 billion in the fiscal year 2013-14 (FY14), according to Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood.
Read more: Pakistan beat Bangladesh and India in manpower exports in 2020: ministry
Despite the negative impact of Covid-19, exports climbed by 18% in FY20 compared to the previous financial year, the adviser said at a press briefing.
He stated that the country’s merchandise exports totaled $25.3 billion in the previous fiscal year, while services exports totaled $6 billion.
Domestic exports hit $2 billion in June of FY21, according to him.
“Similarly, Information Technology (IT) exports remained above $2 billion in last fiscal year,” he added.
Read more: Pakistani Meat Exports Increased by 100% in the Last Decade
He stated that the government would sign a PTA with Uzbekistan on July 7 and that it was also working on ‘tariff rationalization,’ with 4,000 tariff lines to be rationalized by 2022.
Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.