Pakistan’s Exports Expected to Increase Through Amazon Centre
The first Fulfillment & Facilitation Center of Amazon is about to open and begin operations in Multan shortly after Pakistan was added to the company’s official sellers list.
The decision was made to open an Amazon facilitation centre after Eid ul Azha, allowing small and medium-sized enterprises (SMEs) to sell their goods internationally. It is anticipated that this move will increase the nation’s exports.
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Pakistan experienced a trade deficit during the current fiscal year, according to data provided by PBS (Pakistan Bureau of Statistics), and in order to close this gap, the nation must both increase exports while maintaining imports.
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According to the data provided by PBS, Pakistan’s exports of products climbed by 18% during the fiscal year 2020–21 from $21.4 billion to $25.3 billion this year, but imports likewise jumped from $44.5 billion to $56.3 billion, resulting in a $31 billion trade deficit.
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