• English
    • en_USEnglish
    • en_GBEnglish
28 °c
26 ° Tue
26 ° Wed
26 ° Thu
26 ° Fri
Friday, August 12, 2022
Asiafreepress
Advertisement
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
Breaking News
Kashmir is in a state of war, experts underscore during a roundtable organized by LFKPakistan: Former DG ISPR Asif Ghafoor appointed Commander XII CorpsPakistan PM Sharif pushing ahead building of CPEC with new ‘Pakistan speed’: Chinese Foreign MinistrySino-Pak bilateral meetings fully demonstrate close ties: Chinese FM Spokesperson Zhao LijianPakistani exports to US surge to $9 billion, with a net increase of $2 billion since last year: Ambassador Masood Khan
No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
No Result
View All Result
Asiafreepress
No Result
View All Result
Home Business

Pakistani exports to US surge to $9 billion, with a net increase of $2 billion since last year: Ambassador Masood Khan

Asia Free Press by Asia Free Press
August 1, 2022
in Business, Latest, Pakistan
0
Pakistani exports to US surge to $9 billion, with a net increase of $2 billion since last year: Ambassador Masood Khan

Pic credit: Anadolu Agency

0
SHARES
13
VIEWS

WASHINGTON, Aug 1 (Agencies): Pakistan’s Ambassador to the United States, Masood Khan has said that Pakistan’s exports to the United States have marked year-on-year rise, with a total volume of $9 billion at an annual growth rate of 35 percent, reported APP.

Pointing out that the volume of the exports last year was $7 billion, the Pakistani envoy said, the net increase in the last one year was $2 billion.

In 2021-22, the embassy press release said, the imports from the United States have been $3 billion compared to last year’s $2.4 billion, boosting the total Pakistan-US trade volume to $12 billion, compared to last year’s nearly $9.5 billion. “We have a big trade surplus with the US”, Ambassador Masood Khan remarked.

The impressive growth of Pakistani exports to the United States, he said, was a trendsetter for the country’s other export destinations around the world, with the U.S. maintaining its primacy as Pakistan’s largest export destination.

“If the exports continue to grow at the rate of 35% per year, in the next three years overall Pakistan-US trade volume would cross $20 billion, which would still be a modest goal given the immense potential that is there between the two markets”, he said.

The impressive performance of Pakistani exports in the US market, the ambassador said, should boost confidence in domestic markets and amongst foreign investors. Besides, he said, the remarkable growth of overall Pakistani exports should contribute to the stability of Pakistan’s economy and assuage fears being stoked. “What we need the most is market confidence”, Ambassador Masood Khan said.

Out of the total volume of $9 billion in Pakistani exports, goods constitute $6.8 billions while the component of services, including export of IT is $2.2 billion, according to the press release. Pakistan exported to the US the IT products worth nearly $1.4 billion. The IT exports of June 2022 have yet to be included.

In the past one year, the Pakistan-based tech startups have earned around $800 millions out of which 60% has been funded by US-based Venture Capital firms primarily in San Francisco, the release said. Top American Venture Capital firms like Kleiner Perkins, Tiger Global and Sequia have started supporting Pakistan’s successful startups at the pre-seed, seed and incubation stages.

Ambassador Masood Khan said that in the past few months, Pakistan and the United States have been engaged to promote trade and investment between the two countries as well as to enhance cooperation in the health, agriculture and tech sectors.

Tags: 9 billion USDAgricultureAmbassador Masood KhanExportsFDIinflationPakistanUSVenture Capital Firms
Previous Post

Pakistan COAS lauds PLA’s role in China’s defense, security and nation building

Next Post

Sino-Pak bilateral meetings fully demonstrate close ties: Chinese FM Spokesperson Zhao Lijian

Asia Free Press

Asia Free Press

Next Post
China says Pakistan policy unaffected by leadership change

Sino-Pak bilateral meetings fully demonstrate close ties: Chinese FM Spokesperson Zhao Lijian

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Indian forces kill under trial inmate in staged encounter in Kashmir

Indian forces kill under trial inmate in staged encounter in Kashmir

October 26, 2021
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

November 6, 2021
Heroic Tale of a Pakistani SULTAN in 1971 War

Heroic Tale of a Pakistani SULTAN in 1971 War

December 1, 2021
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

November 26, 2021
Pakistan summons Indian diplomat over killing of Muslims  in Assam

Pakistan summons Indian diplomat over killing of Muslims in Assam

4
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

4
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

3
India’s senior army officer booked on rape charges

India’s senior army officer booked on rape charges

3
Kashmir is in a state of war, experts underscore during a roundtable organized by LFK

Kashmir is in a state of war, experts underscore during a roundtable organized by LFK

August 6, 2022
Pakistan: Former DG ISPR Asif Ghafoor appointed Commander XII Corps

Pakistan: Former DG ISPR Asif Ghafoor appointed Commander XII Corps

August 4, 2022
Pakistan PM Sharif pushing ahead building of CPEC with new ‘Pakistan speed’: Chinese Foreign Ministry

Pakistan PM Sharif pushing ahead building of CPEC with new ‘Pakistan speed’: Chinese Foreign Ministry

August 4, 2022
China says Pakistan policy unaffected by leadership change

Sino-Pak bilateral meetings fully demonstrate close ties: Chinese FM Spokesperson Zhao Lijian

August 2, 2022

Recent News

Kashmir is in a state of war, experts underscore during a roundtable organized by LFK

Kashmir is in a state of war, experts underscore during a roundtable organized by LFK

August 6, 2022
Pakistan: Former DG ISPR Asif Ghafoor appointed Commander XII Corps

Pakistan: Former DG ISPR Asif Ghafoor appointed Commander XII Corps

August 4, 2022
Pakistan PM Sharif pushing ahead building of CPEC with new ‘Pakistan speed’: Chinese Foreign Ministry

Pakistan PM Sharif pushing ahead building of CPEC with new ‘Pakistan speed’: Chinese Foreign Ministry

August 4, 2022
China says Pakistan policy unaffected by leadership change

Sino-Pak bilateral meetings fully demonstrate close ties: Chinese FM Spokesperson Zhao Lijian

August 2, 2022
Asiafreepress

Follow Asia Free Press (AFP) on Twitter, Facebook, Linkedin, Youtube and Instagram for the latest news from China, Pakistan, Afghanistan, India, Kashmir and across Asia.

Follow Us

Photo Gallery

Quick Links

  • Submission Guidelines
  • Privacy Policy
  • About Us
  • Contact Us

Stay in Touch

To be updated with all the latest news, offers, and special announcements.

No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia

en_USEnglish (United States)
en_GBEnglish (UK) en_USEnglish (United States)