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Pakistan Records its Highest Exports to UK and Australia in Last 10 Months

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Legal Editorial Desk
Pakistan Records its Highest Exports to UK and Australia in Last 10 Months
Pakistan’s exports have been increasing gradually. During the ten months of the current fiscal year (July 2020 to April 2021), the exports to UK have jumped by 31% to $1.709 billion from $1.309 billion in Jul-Apr 2020, according to a tweet by the Adviser to the Prime Minister on Commerce, Abdul Razak Dawood. These are the highest-ever exports to the UK in a 10-months’ period. The remittances from the UK also increased by 62% during July-Mar 2021.   While the exports to Australia jumped by 29 percent, according to a tweet by the Adviser to the Prime Minister on Commerce, Abdul Razak Dawood. He wrote, “We are glad to share that during Jul-April 2021, our exports to Australia increased by 29% to USD 229 million as compared to USD 177 million in Jul-April 2020”. ALSO READ Sarmayacar Seeds Trucking Platform, TruckSher This shows an increase of $52 million worth of exports to Australia during the time period under concern. “This is the highest 10-months export to Australia ever,” Dawood stated. He also commended the efforts undertaken by the Ministry of Commerce’s Trade and Investment Counselor, and urged for further facilitation of exporters and investors.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

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