Data released by the Ministry of Commerce shows that in the first nine months of the current financial year, exports of commercial goods increased by 25% over the previous year.
Trade Adviser Abdul Razzaq Dawood said, “Our exports are making positive progress and we hope to achieve our annual target.”
The government has set a target of 31.2 billion for annual exports of essential commodities and 7.5 billion for services.
March saw a 17.3 percent increase in exports, after which exports increased from 2.26 billion to 2.77 billion.
The average monthly export is between 2.5 billion and 2.8 billion.
“We congratulate our exporters for maintaining the momentum of exports in the global market in this hour of trial,” he added.
The ministry did not release the March figures, but the trade adviser said the figures would be released after finalization by the Pakistan Bureau of Statistics.
In financial year 2021, exports increased by 18% to 25.2 billion from 21.394 billion a year earlier.
In December, the government approved the policy in a review of the Strategic Trade Policy Framework (STPF), which aims to increase annual exports to 57 billion by 2024-25.
This is the fourth strategic framework since 2009, and the government has allocated 44.72 billion over the next five years to implement the framework, in addition to subsidies and textiles.
Meanwhile, the government approved the Textile and Apparel Policy (TAP) 2021-25 in February, which aims to expand the export market and products.