After August hammering, Pakistan exports post 6pc growth in September
Pakistan’s exports showed a slight improvement for the month of September 2020, growing by 6 percent to $1.872 billion, as compared to the same period last year.
“Alhamdolillah, the export figures for September 2020 have shown improvement. As compared to September 2019, our exports have grown 6pc to USD 1.872 billion,” informed Advisor to Prime Minister on Trade and Commerce Abdul Razak Dawood on Friday.
“Although this is better than decrease of 15pc recorded in August 2020, I still feel that with sufficient backlog of orders we can do much better,” he added.
The advisor urged the exporters that besides executing current orders, they should pursue more orders from existing markets and reach out to untapped markets. “I am hopeful that in October 2020 we will have further growth,” he said.
Earlier, the record-shattering monsoon rains took a toll on Pakistan’s exports for the month of August, which recorded a drop of 19.5 percent as compared to August 2019.
Dawood blamed the unprecedented monsoon rains, which resulted in disruption of the supply chain as the primary reason behind the decline.