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Football exports surge 17pc in 4MFY22

Football exports surge 17pc in 4MFY22

ISLAMABAD: Pakistan’s exports of football witnessed a growth of 17 per cent in the first four months of current fiscal year (4MFY22) from a year ago, Commerce Adviser Razak Dawood said on Monday.

A Ministry of Commerce official said football exports reached $50.148 million between July and October 2021 as compared to $42.780m in the same period in FY21.

Mr Dawood said that the exports of overall sports goods increased by 21pc year-on-year to $105.120m during 4MFY22 compared to $87.070m last year.

The adviser also claimed that during the month of November, Pakistan’s overall exports had the fastest growth rate in South Asia. “Our exports grew by 33.5pc compared to Bangladesh’s 31.3pc and of India’s 26.5pc growth,” he claimed.

This has been made possible by the hard work of our exporters, the adviser said, adding that they deserved praise for this accomplishment.

Meanwhile, Federal Board of Revenue (FBR) has clarified that service charge of Rs1 is collected on all invoices issued by Tier-1 Retailers integrated with FBR’s electronic system of real-time reporting of sales. It is only Rupee 1 per invoice, the FBR said.

Published in Dawn, December 14th, 2021

Source: Dawn News

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