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Pakistan’s exports to USA surpass $5 Billion first time: Razak Dawood

In his new tweet, Dawood said our exports to the US during FY2021 increased by 39% to $5.2 billion as compared to $3.7 billion during FY 2020

Abdul Razak Dawood, Advisor to Prime Minister on Trade and Investment disclosed on Monday (July 5) that for the first time Pakistan’s exports to the United States have surpassed $5 billion. In 2020-21, Pakistani exports goods fetched $5.2 billion from the United States, the highest-ever amount in a year.

In his new tweet, Dawood said: “We are pleased to inform that our exports to the US during FY2021 increased by 39% to $ 5.2 billion as compared to $ 3.7 billion during FY 2020, an increase of around $1.45 billion. “This is the first time in our history that our exports to the US have crossed the $5-billion mark,” he said.

“I commend the efforts of our exporters and our Trade & Investment Officers (TIOs) in the US. I urge our TIOs to provide all possible facilitation to our exporters for enhancing our exports further,” added Dawood.

Meanwhile, talking to reporters the minister said the government has set a $35-billion export target for the current fiscal year, 2021-22. He supported a ‘high-target, high-achievement approach’, adding that milestones of $28 billion for goods and $7 billion for services for the current fiscal year 2021-22 have been set that will be achieved.

Last week, Dawood disclosed that Pakistan’s exports have hit the highest mark, $25.3 billion in 2020-21. He congratulated Pakistani exporters for achieving this important milestone. “It gives me immense pleasure to share with you that our exports of goods during FY 2020-21 stand at $25.3 billion,” he said.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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