Pakistan’s Exports About to Hit $38 Billion

Pakistan's Exports About to Hit $38 Billion

According to Trade Development Authority of Pakistan (TDAP) Chief Executive Arif Ahmad Khan, Pakistan’s exports of products and services would reach $38 billion in the current fiscal year, a record high in the country’s history.

He told a delegation of the Council of Economic and Energy Journalists on Wednesday that products shipments to overseas markets increased by 18 percent in the first six months of fiscal year 2021-22, reaching $15 billion.

He said that Pakistan has transported rice worth $2.2 billion, and that this figure might rise to $5 billion with the implementation of sophisticated technologies in crop growth, harvesting, and processing.

Similarly, Pakistani pharmaceutical exports are now valued at $300 million, but this figure may be increased by five to six times in the next years. IT exports, on the other hand, have a lot of potential.

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