Pakistan’s exports to Italy recorded a 49 per cent growth on a year-on-year basis to $786 million in the outgoing fiscal year 2020-21 despite the fact that the Covid-19 pandemic had hit the Italian market, reported Dawn.
Pakistan’s Ambassador to Italy Jauhar Saleem said Pakistan posted trade surplus of $300 million, which is 49pc higher than the previous year’s figure, according to a statement of the embassy shared with the media.
Italy has been among the first countries in Europe that were severely hit by the pandemic. Italian GDP fell as low as 9.6pc in 2020, which is the highest fall since World War II. Moreover, Italian imports from non-EU countries declined by 14pc.
Mr Saleem said that despite these difficult conditions, Pakistan has not only recovered from the pandemic-led export challenges, but also registered impressive growth during the period under review.
