Pakistan Posts Record Trade, Export Growth in COVID
Islamabad: According to Jauhar Saleem, Pakistan’s ambassador to Italy, Pakistan has reported a $300 million trade surplus in the Covid affected Italian market, up 49% from the previous year.
The ambassador said Thursday that Italy was one of the first nations in Europe to be seriously affected by the pandemic when speaking with the media through Zoom.
The Italian GDP declined by as much as 9.6% in 2020, the most since World War II. Moreover, the amount of non-EU imports into Italy fell by 14%. Nonetheless, despite these challenging circumstances, Pakistan has not only overcome the export hurdles caused by the pandemic, but it has also recorded an astounding growth of 9.1 percent in FY21.
The envoy stated that Pakistan’s exports to Italy hit a record high in FY21, at $786 million.
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Additionally, he emphasised the steps made to advance tourism, particularly the capacity building of Pakistan’s tourist sector stakeholders through Italian expertise.
On the multilateral front, the ambassador Jauhar Saleem said that Pakistan had been voted as the IDLO’s president for a two-year term. This would serve to promote Pakistan’s leadership role on various fora while also allowing Pakistan to benefit from IDLO’s technical support.
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