Early indications show decline in growth of imports: Abdul Razak

Early indications show decline in growth of imports: Abdul Razak

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Islamabad: The Prime Minister’s Business Adviser Abdul Razak Dawood said on Sunday that early signs are that import growth has begun to decline.

Abdul Razak, in a series of tweets, said that imports during Dec 2021 decreased to USD 6.9 billion as compared to USD 7.9 billion in Nov 2021 showing a decline of USD 1 billion; however, the import projection for Dec 2021 was USD 6.2 billion.

Turning to exports, the advisor said that during Dec 2021, Pakistan’s exports increased by 16.7% to USD 2.761 billion as compared to USD 2.366 in Dec 2020. The Export Target for the month was USD 2.8 billion.

He further stated that in the first half of the fiscal year (July to December 2021), exports increased by 25% from USD 12.110 billion in July to December 2020 to USD 15.125 billion. The export target for the first half of this fiscal year is 15 billion U.S. dollars.

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