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.

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