Exports up by 41.1pc in March

[farhan_9909]

ISLAMABAD: Exports of the country in March this year were $ 2.497 billion, which depicted an increase of 41.1% as compared to the same month of previous year.

"The exports in the first nine months of the current financial year have touched US $ 17.799 billion, showing an increase of 26.5 per cent which is unprecedented", said a senior official of the Ministry of Commerce.

He said, "it has raised hopes that the the country's exports will touch US $ 24 billion during the current financial year".

He said that imports in March 2011 were US $ 3.417 billion, which were 4 per cent more that those in the corresponding period last year.

"In the first nine months of current financial year, imports have increased by 15.6 per cent as compared to the increase in exports by 26.5 per cent over the previous year", he said.



Exports up by 41.1pc in March - GEO.tv

 

[53fd]

Very good news

 

[nomi007]

amazing news for me as the student of economics
because high rate of electricity in the country

 

[Lord Of Gondor]

Favorable balance of Trade is very good.This news will certainly cheer up small time entrepreneurs and give them better chances to grow.

 

[Hyde]

wohooo! this is the news i desperately read whenever its been publsihed

 

[desioptimist]

Well done pakistan.

 

[Ababeel]

It looks if a good govt comes and follows business and investment friendly policies then exports can easily be increased to $30Billion.

 

[AgNoStiC MuSliM]

If the figures are correct, one could argue that economic growth would be staggering were the government to address the electricity shortage and enact tax and PSE reforms to raise revenue to invest in education, health and infrastructure.

I cant think of a single thing the PPP government has done to boost exports and economic growth significantly, this has to be the result of sheer hard work by Pakistani businesses and entrepreneurs.

 

[notorious_eagle]

If the figures are correct, one could argue that economic growth would be staggering were the government to address the electricity shortage and enact tax and PSE reforms to raise revenue to invest in education, health and infrastructure.

I cant think of a single thing the PPP government has done to boost exports and economic growth significantly, this has to be the result of sheer hard work by Pakistani businesses and entrepreneurs.

Indeed Sir, this number is only due to the hard work and innovation of Pakistani entrepreneurs. Even though we are facing huge electricity shortage, i have seen entrepreneurs address this problem with coal powered energy or cheap diesel generators. If we can solve the energy crisis we are facing right now, just watch the exports shoot up.

I have seen first hand how factory owners have had to close down their operations or slow down their production due to electricity shortage. Not only the manufacturing sector, the service sector is facing huge problems as electricity goes out after every 2 or 3 hours. It appears that the Government is putting together a lot of projects, lets hope these projects start paying yields soon.