Pakistan'S Export Target For Next Fiscal Year Is US $26 Billion.

According to the Pakistan business records June 14th, according to the latest budget announced by the government, the 2019/20 fiscal year plan aims to raise the export target to US $26 billion, and we expect to export US $24 billion 650 million in the current fiscal year. In the next fiscal year, the export of foodstuffs is expected to reach US $5 billion 27 million, an increase of 6.4% over the current fiscal year, of which US $2 billion 208 million of rice exports and 2 billion 830 million of other food exports.

Textile exports are estimated at US $14 billion 689 million, an increase of 6.9% over the current fiscal year, of which US $1 billion 311 million for cotton yarn exports, 2 billion 364 million for cotton exports, $3 billion 165 million for knitted goods, 2 billion 560 million for bedding exports, $2 billion 738 million for garments exports, and 2 billion 550 million US dollars for other exports.

The export of manufacturing industry is estimated at US $3 billion 974 million, of which sports products are exported to US $551 million, leather products to US $828 million, chemical products to export US $1 billion 237 million, cement exports to US $237 million, and other exports to US $1 billion 32 million.

The government expects that the export of the country will stabilize and rebound, driven by many factors, such as the depreciation of rupee, the increase of export competitiveness, the reduction of production costs in the export industry, and the improvement of the domestic base.