Pakistan’s exports to 10 countries fall including UAE, KSA

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With an increase of 4.9 percent in the first half of the current FY, Pakistan’s exports to 10 countries declined to the UAE and Saudi Arabia. The data shows exports to the UAE fell by 22 percent from $607 million, the fiscal year 2020 to this year’s $474 million. Exports to Saudi Arabia also fell by 8.2 percent from $217.46 in 2019 to $199.73 in the same duration.It also disclosed that Pakistan’s exports to Sri Lanka also decreased by 18.2 percent. Exports to Thailand declined by 47% to $115.69 million to just $61.14 million exports to Malaysia also stayed negative by 29 percent, reducing from $124.97 million to $89.28 million. Spain’s fell to $444.71 million from 480.32 million (7.4%).

Exports to Yemen also decreased by 46percent, Madagascar by 47%, and Djibouti by 53.3%.

Pakistan’s exports to China improved by 18.4 percent to $1,047 million in July-December 2020 from $974.5 million in 2019, despite the Covid-19 pandemic.

Exports to the United States also increased by 18.4 percent, Britain by 20.8%, Germany at 15.1%, the Netherlands at 12.19%, and Indonesia at 39.2%. Advisor to Prime Minister Imran Khan Abdul Razzak Dawood told that the officials of the commerce ministry held a meeting to discuss the decrease of exports and currently in process of forming strategies to improve these.

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