KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
Exports reached about 2 billion in July despite lockdown
KARACHI: Despite the lockdown, exports reached nearly 2 billion in July whichTrade Adviser Razzaq Dawood termed the increase in exports as a great achievement.
Exports in July 2020 increased by 5.8% to about 2 billion, compared to 880 million in the same period last fiscal. On the other hand, in July 2020, the country's imports fell by 4.2 percent to 3.54 billion, compared to 3.69 billion in July 2019.
Thus, the trade deficit in the first month of the current financial year was recorded at dollars 1.54billion after a decrease of 14.7% over the same period of the previous financial year.
Trade Adviser Razzaq Dawood termed the increase in exports as a great achievement. He said that exports had been declining for the last four months but despite the lockdown, the increase in exports was welcome. Exports under the name of Make in Pakistan have been steadily increasing.
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