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.