On December 3, Daoud, the Commercial and Investment Advisor to the Prime Minister of Pakistan, held a meeting to hear a report on Pakistan’s import and export situation. Data show that in the first four months of fiscal year 2021 (July-October 2021), Pakistan’s exports fell by 0.1% year-on-year to US$7.54 billion, and the trade deficit fell by 4.5% year-on-year to US$7.424 billion. The export value of high value-added products such as home textiles, clothing, cement, and pharmaceuticals increased significantly year-on-year, while the export value of low value-added products such as cotton, leather, and crude oil declined. The main export target countries are Indonesia, Qatar, Denmark, South Korea and Afghanistan.
Daoud appreciated the efforts of Pakistani exporters in promoting exports, but also said that Pakistan’s overall market still has great instability; he hopes that Pakistan’s economy can maintain upward momentum, and instruct relevant departments to continue to provide convenience for exporters. </p
