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Pakistan’s exports grow by 27% to $12.365 billion in first 5 months of FY 22

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ISLAMABAD, Pakistan: In the first five months of the ongoing Fiscal Year 2021-22, Pakistan’s exports increased by 27% to US$ 12.365 billion while it grew by 33% month-on-month to US$ 2.903 billion in November, the Prime Minister’s Advisor on Commerce & Investment Abdul Razak Dawood told on Wednesday.

Sharing the exports data on Twitter, the advisor said that Pakistan’s exports during November 2021 increased by 33% to a historic monthly high of US$ 2.903 billion as compared to US$ 2.174 billion during the corresponding period last year.

The advisor said that the exports worth US$ 2.903 billion in November 2021 were achieved against the target of US$ 2.6 billion.

Abdul Razak Dawood further told that during the first five months of the FY 2021-22, Pakistan’s exports increased by 27% to US$ 12.365 billion as compared to US$ 9.747 billion during the same period last year.

The advisor said that they had set the target of US$ 12.2 billion in the first five months.

Furthermore, he told that the data on imports is being analyzed and will be shared shortly.

PM Imran Khan congratulates FBR for 35% increase in tax collection

Meanwhile, Prime Minister Imran Khan congratulated the Federal Board of Revenue (FBR) for achieving an increase of 35 percent in revenue collection during the last month as compared to November 2020.

Sharing a graph of FBR collection in his Tweet on Wednesday, the prime minister said that the tax collection increased by 37 percent during the last five months as compared to the same period of the last year.

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