Pakistan In Focus-Traders fear 10pc drop in Sept exports.
Traders have voiced fear that Pakistan's export revenues will decline further in the coming months and have called on the government to make serious efforts in order to place monthly exports on a growth trajectory.
They added that the growth in July 2020 export figures was a temporary phenomenon and the dip in August 2020 export revenues was predicted beforehand by the exporters.
"Next three months are highly crucial for Pakistan's export sector, primarily textile, as we are anticipating a dip of over 10 percent in export revenues for September," said Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Patron-in-Chief Ijaz Khokhar.
Khokhar said export orders dropped to nearly zero during the months when the Covid-19 pandemic had been at its peak ie April-June 2020 - and all shipments were put on hold.
"The dispatch of piled-up orders was the main reason behind the growth in exports in July," Khokhar said.
According to the Pakistan Bureau of Statistics, the country earned around $2 billion in exports during July 2020, however, the receipts fell 20 percent to $1.6 billion in August.
Financial managers have targeted export revenue of $27.7 billion for...
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