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.