By Ali Imran
ISLAMABAD: Adviser to Prime Minster on Commerce and Investment, Abdul Razak Dawood on Monday said that the country’s exports of different sectors including textiles and agriculture registered increased in August 2021.
In a tweet he said that during the month of August 2021 the exports of home textiles, men’s garments, cotton fabric, rice, jerseys, fruits, vegetables and T-shirts increased as compared to August 2020. The exports of surgical instruments, fish and fish products, cement, tents and canvas and wood and articles of wood decreased during the same period, he said.
The adviser said that in terms of geographical spread, the exports to the United States, China, the United Kingdom, The Netherlands, Germany and Spain increased while those to Afghanistan, Denmark, South Korea, Indonesia, Singapore and Czech Republic decreased during Aug 2021 as compared to the corresponding period of last year. He said the exports of services during July 2021 increased by 6.4 percent to US $ 483 million as compared to US $ 454 million during July 2020.
Meanwhile, Federal Minister for Finance and Revenue, Shaukat Tarin Monday said the prudent policies adopted by the present government had stimulated economic recovery amid COVID-19 pandemic.
“Economy is heading in the right direction. The enhanced revenue collection along with improved ratings (Business Confidence Index and by international credit rating agencies) indicate that economy has gained momentum and is geared towards an inclusive and sustainable economic growth,” he said while presiding over a meeting to review the trade balance situation. Federal Minister for Economic Affairs Division Omar Ayub Khan, commerce, information technology, Finance Division secretaries, Governor State Bank of Pakistan Dr Reza Baqir, Board of Investment executive director general and other senior officers participated in the meeting.
