In February Exportation's falling by 4.5 percent

In February Exportation’s falling by 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.

For 8-months (Jul-Feb 2021) of the current financial year, our exports increased by 4.2% at USD 16,300 million as compared to USD 15,643 million during Jul-Feb 2020. We wish to congratulate our exporters for their hard work in earning…2/3
— Abdul Razak Dawood (@razak_dawood) March 1, 2021

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.