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Friday, 17 December 2021 14:30

Pakistan export earnings rise

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In November 2021, Pakistan’s total export proceeds were up 32 per cent.

The upward trend in exports of value-added sectors was seen for the past few consecutive months.Rupee depreciation, greater demand from the international market helped bolster exports. Exports of home textileproducts were up by 34per cent in November 2021 over the previous year followed by a 33per cent increase in men’s garments. An increase of 68per cent in jerseys and cardigans exports was noted over the corresponding month last year.Exports of women’s garments posted an increase of 34per cent in November over the corresponding month of last year, followed by a 24per cent increase in export of leather apparel over the previous year. An increase of 127per cent was noted in the export of fruits and vegetables. Cement exports were up by 193per cent in November against the previous year.

The United States of America, China, United Arab Emirates and Netherlands remained the top destinations of Pakistan’s exports during the month of November from a year ago.Pakistan exports to the US grew 48per cent in November over the corresponding month of last year followed by a 30per cent increase to China and a 96per cent increase to the UAE.