ISLAMABAD – Pakistan’s Honourary Investment Consular to Milan, Italy, Muhammad Sheheryar Khan on Sunday disclosed that Pakistan’s exports of products and companies to Italy witnessed an increase of 35.58 % throughout the first three quarters of the current fiscal yr in contrast to the corresponding interval of final yr.
He said this whereas speaking to Chief Executive Officer (CEO) of Pakistan Furniture Council (PFC) Mian Kashif Ashfaq, mentioned a press launch. He mentioned on yr to yr foundation, the exports to Italy additionally elevated by 42.79 % by going up from $75.006 million throughout March final yr in opposition to exports of $107.105 million in March current yr.
He mentioned on month to month foundation, exports to Italy additionally registered surge of 30.89 % in March 2022 as in contrast to the exports of $81.826 million in February 2022. Sheheryar khan who’s main investor and professional of monetary administration mentioned total Pakistan’s exports to different international locations witnessed an increase of 26.64 % in the primary three quarters from $18.713 billion to $23.699 billion.
On the opposite hand, the imports from Italy throughout the interval below assessment have been recorded at $620.487 million in opposition to $391.109 million final yr depicting progress of 58.64 % throughout the first three quarters of current fiscal yr, he added.
Regarding presenting image of from Italy on yr to yr foundation, he mentioned it elevated by 98.32 % by going up from $43.320 million throughout March 2021 in opposition to e exports of $85.916 million in March 2022. He mentioned total imports from all international locations into Pakistan elevated by 41.33 % from $38.061 billion to $53.795 billion. Sheheryar Khan invited Mian Kashif Ashfaq to go to Italy alongside along with his groups to discover hidden export avenues and take full benefit of the advantages of GSP plus standing granted to Pakistan.