ISLAMABAD: Pakistan exports of merchandise fell shot once again, as the Pakistan Muslim League Nawaz (PML-N) government fails to achieve the export target for the third consecutive year.
According to report, Pakistan’s export of merchandise fell short of target by over $2.8 billion in the outgoing fiscal year.
The government had projected an export target of $27bn for 2014-15, but actual export proceeds stood at $24.2bn.
Overall exports witnessed a negative growth of 3.5 per cent in the outgoing fiscal year as compared to previous year’s export proceeds of $25.1bn.
Export target for 2013-14 was projected at $26.9bn which was missed by over $1.8bn.
Similarly, export target was missed by almost similar amount and actual proceeds stood at $24.8bn in 2012-13.
