Pakistan Listed In Top Five Countries With More Investment Opportunities

• Pakistan’s exports rose for the third consecutive month in November, rising 7.67 percent to 2.16 billion from  2 billion in the previous month.
• Exports during July-November stood at  9.73 billion, up 2.11% from  9.53 billion in the same month last year.
• During the first five months of fiscal year 20, the total import bill increased by 1.29% to  19.42 billion from  19.175 billion in the same month last year.

Increase in Pakistan’s exports for the third consecutive month

Exports to Pakistan increase for third consecutive month in November

Pakistan’s exports rose for the third consecutive month in November, rising 7.67 percent to 2.16 billion from  2 billion in the previous month. According to media reports, the figures were released by the Pakistan Bureau of Statistics. The increase in exports was mainly due to double-digit growth in textile and non-textile goods.

In addition, imports rose 7% during the month under review, leading to a modest increase in trade deficit. Statistics show that as of November 2019, home textiles (20%), pharmaceutical products (20%), rice (14%), surgical instruments (11%), stockings and socks (41%), jerseys and pull-overs (21%), women’s clothing (11%), men’s clothing (4.3%).

Exports during July-November stood at  9.73 billion, up 2.11% from  9.53 billion in the same month last year. However, in August it was reduced by 19% but in September, October and November it has been steadily increasing.

In FY20, exports fell 6.83 percent, or  1.57 billion, to  21.4billion, up from  22.97 billion in the previous year. On the other hand, imports in November also increased by 7.77 percent to  4.22 billion as against 3.92 billion in the same period last year. Reached  99 million.

During the first five months of fiscal year 20, the total import bill increased by 1.29% to  19.42 billion from  19.175 billion in the same month last year. The country’s trade deficit also increased by 7.88% in November. The main reason for this was the increase in imports, i.e. the trade gap remained at  2.68 billion as against 1.97 billion in the same month last year.

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