Islamabad: According to press reports, the Ministry of Commerce revealed on Monday (November 01) a 17.5 percent rise in exports registered in the month of October 2021, compared to the same period last year. National exports totaled USD 2.471 billion in October 2021, up from USD 2.104 billion in October 2020, the highest export amount in any October in Pakistan’s history.
On the microblogging site Twitter, Advisor to the Prime Minister on Commerce Abdul Razak Dawood released the data, stating that the government had set an export target of USD 2.6 billion for the month of October, but the current results are also promising.
He also revealed that from July to October 2021, the export industry generated USD 9.467 billion, a 25% increase over the same period last year. Between July and October 2021, imports increased by 60%, from USD 15.19 billion to USD 24.19 billion.
Raw materials, intermediates, and industry-related commodities account for a major portion of these imports, according to the advisor, indicating a development of the ‘industry and increased activity by industry.’ Similarly, fuel, medications (vaccines), food, and consumer goods made up the remaining 60% of imports.