Exports rose by over nine per cent year-on-year to $1.966 billion in November from $1.796bn, brightening hopes for better proceeds in the upcoming months.
In rupee terms, the exports grew by 3.59pc during the month, according to data released by Pakistan Bureau of Statistics on Wednesday.
Exports growth rate had been in decline since July, which led the government to take a belated action to arrest the disturbing trend.
Talking to the media Federal Textile Minister Abbas Khan Afridi linked the reversal of trend to the government decision of ensuring uninterrupted supply of electricity and gas to the textile mills in Punjab. A committee was also constituted last month to find out ways and means for gas supply.
“We are also expecting higher growth because of preferential access to European markets,” Afridi said, referring to the GSP+ scheme granted by the 28-nation European Union.
