Prime Minister’s aide on Commerce Razzak Dawood has said that Pakistan’s exports for month of November have passed the $2 billion mark amid a resurgence of economic activity after the coronavirus lockdown.
Dawood said exports increased 7.2 per cent year-on-year in November “in these difficult times with resurgence of COVID-19 cases in Pakistan and globally”. However, Pakistan has “once again crossed the $2bn mark per month”, Dawood wrote in a Twitter message.
In October, Dawood had said that Pakistan’s exports had crossed $2bn mark despite the contraction in our major markets due to COVID-19 and the uncertainty created by recent resurgence of the pandemic.
Last month, Bloomberg reported that Pakistan’s decision to loosen pandemic restrictions early helped the country’s exports emerge stronger than its South Asian peers.
The newspaper had reported that outbound shipments had grown at a faster pace than Bangladesh and India as textiles, which account for half of the total export, led the recovery. The country had seen total shipments grow 7 per cent in September, compared with New Delhi’s 6pc and Dhaka’s 3.5pc.
According to the report, Prime Minister Imran Khan’s administration was the first in the region to ease pandemic restrictions, allowing export units to reopen in April, a month after locking them down to stem the spread of COVID-19. This helped draw companies from the South Asian nation.
