Featured Exports rise 6% to $1.87 billion in August

[Mrc]

Any word on imports over same period?

 

[The Accountant]

rentals in Islamabad are most expensive in whole Pakistan,karachi is much cheaper city and people can easily manage to accommodate there

I was talking about overall economic activities... Well u cant compare tiny islamabad to karachi ... In terms of economic activities islamabad is nothing or insignificant ...

 

[Yaseen1]

I was talking about overall economic activities... Well u cant compare tiny islamabad to karachi ... In terms of economic activities islamabad is nothing or insignificant ...

when economic problems start its effects first become more evident in those areas where there is high competition and limited job opportunities like Islamabad and cities with large number of industries,business and sea port like karachi will be effected at later stage so this is a matter of concern

 

[Syed1.]

Nahi bhai sub jhoot hai.... Har cheez buri hai Pakistan mein

https://twitter.com/x/status/1312382208125079552

 

[Protest_again]

Any word on imports over same period?

Meanwhile, imports posted a positive growth of 2.6pc in September to $3.884bn, as against $3.785bn over the corresponding month of last year.

 

[Baghial]

Exports rise 6% to $1.87 billion in August
Web Desk On Oct 2, 2020


ISLAMABAD: The country’s exports rose by 6 per cent to US$1.872 billion during August as compared to the corresponding month last year, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said on Friday.

Sharing latest data on exports on Twitter, he said: “The export figures for Sep 2020 have shown improvement. As compared to Sep 2019, our exports have grown 6% to USD 1.872 billion.”

“Although this is better than decrease of 15% in Aug 2020, I still feel that with sufficient backlog of orders we can do much better,” he added.
He urged exporters to try to win more orders from the existing markets and reach out to untapped markets besides fulfilling the current orders. “I am hopeful that in October 2020 we will have further growth.”

Last month, the Pakistan Bureau of Statistics (PBS) report said exports and imports in the country witnessed a decline in August this year. According to the PBS report, United States Dollar (USD) 1.58 billion exports was recorded during the month of August 2020, witnessing a decline by 15 percent as compared to the same month of the previous fiscal year.

The imports in the same month stood at US$3.27 billion, showing a 12 percent decline in August 2020 as compared to the corresponding year of the previous fiscal year.
The trade deficit also recorded a decline of nine percent in August this year and stood at US$1.69 billion.

Exports rise 6% to $1.87 billion in August

I am hopeful that in October 2020 we will have further growth

arynews.tv

---------------

@The Accountant @Pan-Islamic-Pakistan @Verve @Patriot forever

and inflation ROSE 9% IN SEPTEMBER

AND IS AT 11.94


LIFE SEEMS TO BE GOING SOUTH FOR , 2010 MILLIONS


ONLY 10 MILLION ALI BABA EATING CAVIER HERE,


NAYA PAKISTAN, SEEEMS LIKE EVOLUTION OF EVIL

 

[ghazi52]

Exports jump 6pc in September


Mubarak Zeb Khan
03 Oct 2020

Government has also allowed exports of personal protection equipment including surgical masks.



ISLAMABAD: Pakistan’s exports bounced back in September following a steep fall in the previous month, data released by the Ministry of Commerce showed on Friday.

The new fiscal year started on a positive note as export proceeds grew 5.8 per cent in July but fell over 19pc in August, as per data from the Pakistan Bureau of Statistics. A steep fall was seen in exports since March when the government imposed lockdowns to contain the spread of coronavirus.

During the third month of FY21, export proceeds were reported at $1.872 billion, as against $1.769bn over the corresponding period of last year, showing a growth of 5.8pc.

In rupee terms, export proceeds increased 12.7pc year-on-year in September.

Between July and September, exports fell by 1pc to $5.457bn, from $5.513bn over the corresponding months of last year.

In FY20, exports fell by 6.83pc or $1.57bn to $21.4bn, compared to $22.97bn the previous year. Visible improvement was observed in export orders from international buyers, mainly in the textile and clothing sectors since May.

First quarter sees decline of 1pc

The government has also allowed exports of personal protection equipment including surgical masks. Pakistan is receiving orders from international markets with the return of coronavirus in the western countries.

Adviser to PM on Commerce and Investment Abdul Razak Dawood said that the export growth is better than the decrease of 15pc in August. “I still feel that with sufficient backlog of orders we can do much better”, he remarked.

Besides executing current orders, he urged exporters to pursue more orders from existing markets and reach out to untapped markets. “I am hopeful that in October 2020 we will have further growth”, Dawood said.

Meanwhile, imports posted a positive growth of 2.6pc in September to $3.884bn, as against $3.785bn over the corresponding month of last year. During 3MFY20, overall import bill dropped by 2.99pc to $10.882bn, down from $11.218bn over the corresponding months of last year.

The continuous decline in imports has provided some breathing space to help the government manage external account despite a downward trend in exports. However, imports are now expected to bounce back in the coming months following abolishing of regulatory duty on imports of raw materials and semi-finished products.

In 2019-20, the import bill witnessed a steep decline of $10.29bn or 18.78pc to $44.509bn, compared to $54.799bn last year.

The country’s trade deficit also decreased by 0.2pc in September, mainly due to a growth in export proceeds. In absolute terms, the trade gap narrowed to $2.012bn, as compared to $2.016bn over the corresponding month of last year.

In the first three months, trade deficit narrowed by 4.94pc to $5.425bn, as against $5.707bn over the last year.

During FY20, it narrowed to $23.099bn, from $31.820bn.

Published in Dawn, October 3rd, 2020

 

[The Accountant]

when economic problems start its effects first become more evident in those areas where there is high competition and limited job opportunities like Islamabad and cities with large number of industries,business and sea port like karachi will be effected at later stage so this is a matter of concern

Wakeup sir, economic problems started in march with corona. Secondly islamabad has much better job and business security than karachi due to government jobs available in islamabad vs private sector job in karachi...
9n the contrary economic activities r getting back to normal again...

 

[Yaseen1]

Wakeup sir, economic problems started in march with corona. Secondly islamabad has much better job and business security than karachi due to government jobs available in islamabad vs private sector job in karachi...
9n the contrary economic activities r getting back to normal again...

everyone not do govt job as they are limited and current govt has reduced govt jobs opening as loss and expenses of govt organisations are not affordable,private sector plays major role in country like Pakistan and if you look at job advertisements you will always find karachi jobs more and Islamabad jobs are less than even Lahore

 

[POPEYE-Sailor]

Down aane par PTI ki ghalti, upar jaane par SPECIAL YEAR.

LMAO.

In winter there is no gas for industry - have fun.

 

[The Accountant]

everyone not do govt job as they are limited and current govt has reduced govt jobs opening as loss and expenses of govt organisations are not affordable,private sector plays major role in country like Pakistan and if you look at job advertisements you will always find karachi jobs more and Islamabad jobs are less than even Lahore

Arent u going off topic ?

In a thread with positive indicator u r trying to form opinion based on tenant position of a small area ... Doesnt make sense ...

 

[alibaz]

Very good news, appreciate efforts of government and exporters. However, its continuation for months, quarters and years will determine true position.

 

[Enigma SIG]

your mistake is impatience and not waiting for complete pictures its called identifying the reasons

Right back at ya.

Indicators show economy returning to growth trajectory

ISLAMABAD: Despite challenges at internal and external fronts, especially owing to the outbreak of coronavirus pandemic, the prudent strategy adopted by the government helped to put the country’s ec

www.pakistantoday.com.pk

 

[Enigma SIG]

In winter there is no gas for industry - have fun.

Is me to phir matti ki ghalti hui jo itni gas nai hame de pa rahi.

Talk about going on a tangent.

 

[POPEYE-Sailor]

Is me to phir matti ki ghalti hui jo itni gas nai hame de pa rahi.

Talk about going on a tangent.

Nhi mare Bhai matti bht khbsurrat hai bus is ko wafadar log nhi mile jo ata hai apne manjan lagta hai aur Australia USA Dubai UK shift hojaty hai .. ! sab jagha corruption corruption and corruption.