TNF
No Result
View All Result
  • Login
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion
No Result
View All Result
TNF
No Result
View All Result
Home Economy

Pakistani exports see double digit growth

The performance for first financial month of 2022 signals the economic growth of country.

TNF by TNF
August 6, 2021
Reading Time:2 mins read
3
Pakistani exports see double digit growth

RELATED POSTS

Bangladesh seeks IMF loan but its economy isn’t bad

What happens if Pakistan defaults on its loans?

There is a Looming Water Crisis in Pakistan

Pakistani exports see double digit growth. Pakistan’s exports of nine sectors including value-added textiles posted double-digit growth in the first month 2021-22. It is in comparison to the same month a year ago, reveals data from the Ministry of Commerce. 
The Growth in exports of value-added sectors contributes to an increase in overall exports from these sectors. One of the reasons for growth in these sectors is due to low-base of last year when export-oriented industries remained closed due to the Covid-19 lockdown and cancellation of orders from international buyers.

Pakistani Exports see Growth

The new statistics from Ministry of Commerce also reveal growth in other export products. These include agricultural products, industrial tools and other household materials.
In terms of products, exports of garments, home textiles, jerseys, fruits and vegetable ethyl alcohol, stockings and socks, maize and plastics increased during July compared with July 2020. On the other hand, the exports of rice, meat, cement, tents, decreased.
More from TNF: China plans to setup an oil refinery in Pakistan
Exports of men’s garments products were up by 23pc to $406 million in July against $329m over the last year, followed by a 9pc increase in home textiles to $380m against $349m last year.
Pakistani economy has been struggling for the last few years. The recent economic outlook also brought the Pakistani rupee under severe pressure. As a result, the Pakistani rupee lost its ground to the US dollar and the over economic pressure was increasing on the national economy. Thus, the economic observers were asking for stringent fiscal actions which can support the economy.
This double digit growth will have significant impact on the economy. It means that the pressure of Pakistani rupee will decrease. Similarly, the overall industrial output will also flourish the economic growth. Thus, the double digit growth of Pakistani exports will have a strong impact on the economy.
Tags: Economic GrowthEconomyExportsExports of PakistanPakistan
ShareTweetSend
TNF

TNF

Related Posts

Bangladesh seeks IMF loan but its economy isn't bad
Economy

Bangladesh seeks IMF loan but its economy isn’t bad

July 29, 2022
What happens if Pakistan defaults on its loans?
Economy

What happens if Pakistan defaults on its loans?

July 4, 2022
There is a Looming Water Crisis in Pakistan
Featured

There is a Looming Water Crisis in Pakistan

May 28, 2022
Yasin Malik is the symbol of freedom for Kashmir
Featured

Yasin Malik is the symbol of freedom for Kashmir

May 27, 2022
Overseas Pakistanis can still vote for Parliament
Featured

Overseas Pakistanis can still vote for Parliament

May 27, 2022
Pakistan issues heat wave alert
Featured

Pakistan issues heat wave alert

April 29, 2022
Next Post
SBP Notifies Changes in Foreign Exchange Manual

SBP Notifies Changes in Foreign Exchange Manual

The country’s unemployment is a stumbling block

The country's unemployment is a stumbling block

Comments 3

  1. Pingback: The country's unemployment is a stumbling block TNF
  2. Pingback: Pakistanis buy 27000 new cars in July 2021 - TNF
  3. Pingback: Pakistan Single Window launches Online Registration of Banking Profile - TNF

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Afghan team returns after reviewing technical evidence in kidnapping case

Afghan team returns after reviewing technical evidence in kidnapping case

August 9, 2021
Pakistanis buy 27000 new cars in July 2021

Pakistanis buy 27000 new cars in July 2021

August 12, 2021
How to get a vaccination certificate in Pakistan?

How to get a vaccination certificate in Pakistan?

August 2, 2021

Popular Stories

  • Zahir Jaffer and Noor Muqaddam

    All You Need to Know About Zahir Jaffer and Noor Muqaddam

    0 shares
    Share 0 Tweet 0
  • Current Challenges Faced by Pakistan Textile Industry 

    0 shares
    Share 0 Tweet 0
  • Zahir Jaffer confronts Noor’s father in court, seeks pardon

    0 shares
    Share 0 Tweet 0
  • Jaffar Brothers distances itself from Zahir Jaffer

    0 shares
    Share 0 Tweet 0
  • US Embassy issues official statement on Zahir Jaffer

    0 shares
    Share 0 Tweet 0
TNF

The National Frontier is a publication focusing on regional and global issues, borders and frontiers across the world.

Recent Posts

  • Bangladesh seeks IMF loan but its economy isn’t bad
  • 10 Awesome Tech Tools For The Maritime Industry
  • What happens if Pakistan defaults on its loans?

Categories

  • Business
  • Controversies
  • Culture
  • Economy
  • Featured
  • Health
  • Interviews
  • Lifestyle
  • National
  • Opinion
  • Politics
  • Tech
  • Travel
  • Uncategorized
  • World

About Us

  • About TNF
  • Our Contributers
  • Subscribe
  • Privacy Policy
  • Advertise
  • Contact Us

© Copyrights 2021 The National Frontier. Powered by Effiesoft

No Result
View All Result
  • Home
  • National
  • World
  • Politics
  • Economy
  • Health
  • Culture
  • Lifestyle
  • Controversies
  • Interviews
  • Tech
  • Opinion

© Copyrights 2021 The National Frontier. Powered by Effiesoft

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?