Skip to content
ECONOMYMarkets · Policy · Power

In February Exportation's falling by 4.5 percent

WDWeb DeskPublished 1 min read
Exports falling to 4.5 percent

On Monday the data released by the Ministry of Commerce said that Pakistan’s exports fell by over four percent in February prior to a year ago after recording growth within the past four months

In February the export revenues fell to $2.044 billion, from $2.14 billion down to 4.5 percent in commensuration the month last year.
On the external side, this drop in exports amidst the stable rise in imports might create a problem for the government.

Commerce Advisor Abdul Razak Dawood said that Pakistan’s exports for the past five consecutive months had remained above the $2 billion mark.

However, he did not have a response regarding the monthly decline in exports.  

https://twitter.com/razak_dawood/status/1366328145834512384

In the current fiscal year between July and February, Pakistan’s exports inflated to 4.2 percent to $16.30 billion in comparison to $15.643 billion over the parallel months of last year. 

In the new fiscal year, the exports started on a positive note but observing a precipitous decline in August 2020 of 19 percent before rebounding in September, October, and November. Further seeing growth in December and January. 

Related stories