Tarin chairs EAC 3rd meeting, highlights planning for sustainable growth dunyanews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dunyanews.tv Daily Mail and Mail on Sunday newspapers.
Exports rise to record high of $25.3b
PM aide praised exporters for achieving feat despite difficulties at home, abroad
The rise in exports came due to early reopening of industries in Pakistan as the country lifted the lockdown in July 2020. PHO-TO: REUTERS
KARACHI:
Pakistan achieved the highest-ever export of goods valuing at $25.3 billion in fiscal year 2020-21.
A statement of the Ministry of Commerce, released on Thursday, said that exports registered an increase of 18% on a year-on-year basis.
In a series of tweets, Adviser to Prime Minister on Commerce Abdul Razak Dawood boasted that export of goods in June 2021 stood at $2.7 billion, which was the highest monthly figure for the country.
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Over the last few years 50-60pc of ginning units have closed down as cotton production declined. Reuters/File
ISLAMABAD: The government has called a meeting of the Economic Coordination Committee (ECC) on Monday (today) to consider allowing an intervention price of about Rs5,000 per 40kg for cotton, which has arguably been necessitated by a sharp decline in production, besides clearing a dozen supplementary grants so close to the passage of federal budget by parliament.
To be presided over by Finance Minister Shaukat Tarin, the ECC meeting is expected to approve a notification about minimum indicative prices of tobacco and revision of cess rates on the commodity for the year 2021-22.
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