ISLAMABAD: Pakistani exports to the United States increased by 39 percent in fiscal year 2021 and crossed the five billion dollar mark for the first time in the country’s history, the commerce minister said on Monday.
“We are pleased to inform that our exports to the US during FY 2021 increased by 39 percent to $ 5.2 billion as compared to $ 3.7 billion during FY 2020, an increase of around $1.45 billion,” Abdul Razak Dawood said on Twitter. “This is the first time in our history that our exports to the US have crossed the $5 billion mark.”
We are pleased to inform that our exports to the US during FY 2021increased by 39% to $ 5.2 billion as compared to $ 3.7 billion during FY 2020, an increase of around $1.45 billion.This is the first time in our history that our exports to the US have crossed the $5 billion mark.
— Abdul Razak Dawood (@razak_dawood) July 5, 2021
He thanked Pakistani exporters and trade and investment officers (TIOs) in the US for their hard work, urging TIOs to provide all possible facilitation to Pakistani exporters to enhance exports further.
I commend the efforts of our exporters and our Trade & Investment Officers (TIOs) in the US. I urge our TIOs @PakUSTrade @Paktrade_NYC @PakTIA_Houston to provide all possible facilitation to our exporters for enhancing our exports further.@aliya_hamza @tdap_official
— Abdul Razak Dawood (@razak_dawood) July 5, 2021
In May this year, Pakistani Foreign Minister Shah Mahmood Qureshi met members of the United States House of Representatives’ Subcommittee on Asia in New York, and said Islamabad desired a broad-based partnership with the US that would advance the two countries’ shared interests in bilateral and regional spheres.
“He underscored the importance of enhanced bilateral trade and economic cooperation to promote regional connectivity,” the Pakistan foreign ministry had said in a statement after the meetings.