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Pakistani Exports To America Increase As Export Volume Reaches 9 Billion Dollars

Washington: Pakistani ambassador to the United States of Pakistan (USA) Masood Khan has said that the Pakistani exports in America has increased after which the country export volume with the USA increased up to around 9 Billion dollars which is an increase of 35 percent yearly.

In a statement, the ambassador apprised that the country last year exports were 7 billion dollars.

He further apprised that the exports of 6.8 billion dollars out of this year 9 billion dollars is of different items.

Masood Khan said that the exports of services including 2.2 billion dollars include IT sector as well.

As many as 1.14 billion dollars worth IT products exported to the America this year.

The ambassador also apprised that the this year 2021-2022 the country’s import with the USA are three billion dollars while the previous year it was stands at 2.4 billion dollar.

The total trade volume between Pakistan and USA have climbed to 12 billion dollars this year, he informed.

Moreover, he said that the trade volume between two countries were 9.5 billion dollars previous year.

If increase in the Pakistani export of 35 percent were continued yearly than the total trade volume between Pakistan and the USA will reach 20 billion dollars in the next three years.

Masood Khan went on to say that Pakistani Tech Startups earned 800 million dollars in the previous one year.

The American venture capital companies provided funding to 60 percent companies.