US, EU and China were Pakistan’s Top Export Destinations in August 2021: Commerce Ministry

[truthfollower]

US, EU and China were Pakistan’s Top Export Destinations in August 2021: Commerce Ministry
Posted 7 hours ago by ProPK Staff

The US, Europe, UK and China were the top destinations for Pakistan’s exports in August 2021, according to preliminary data released by the Ministry of Commerce.


Pakistan’s total exports to the US increased by 60 percent year-over-year (YoY) to $0.54 billion in August 2021, while exports to China expanded by 109 percent year on year to $0.20 billion. Meanwhile, exports to the UK grew by 20 percent to $0.16 billion.

The country’s top export products during August 2021 were home textiles, men’s garments, cotton fabric, rice, jerseys, fruits, vegetables, and T-shirts.

The exports of home textiles rose by 50 percent year-over-year (YoY) to $0.39 billion in August 2021, while exports of men’s garments increased by 47 percent YoY to $0.38 billion. Meanwhile, cotton fabric exports grew by 31 percent to $0.19 billion.
However, the exports of surgical instruments, fish & fish products, cement, tents & canvas, and wood & articles of wood were decreased.
The export of services during July 2021 increased by 6.4 percent to $483 million, compared to $454 million during the same month last year.

 

[The Accountant]

We should do better than that. A big chunk of our workforce is unemployed in rural and mountainous areas.

We need to develop export oriented products that can be manufacture in those areas and then can be traded for export.

Eg of sich initiative are.

Meat and beef processing plants.
Cheese products.
Frozen vegtables and fruits.
Milk based products.
Mushrooms.

In summary we need to develop infrastructure that enable our rural economy to compete with global supply chain.

We need to introduce short technical courses.
We need quality certificates and institutes acceptable abroad .
We need common processing facilities shared by many farmers.
We need storage facilities