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Abdul Razak reveals new export targets for next three years

MM News Staff by MM News Staff
December 22, 2020
Pakistan’s textile sector showing progress for last 2 months: Abdul Razak

Pakistan’s textile sector showing progress for last 2 months: Abdul Razak

ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak has said that new trade markets are being explored across the world to achieve the 26 billion dollars export target in the next three years.

The Commerce Adviser said that in order to boost exports, the government has included trade variation, regional trade integration through Gwadar Port and exploring new markets in Africa, North and South America, and enhancing the production of engineering goods in the main agenda.

The Adviser said regional trade and economic integration would play a huge role in enhancing connectivity with the Central Asian States and Afghanistan. He said another major focus of the government is on expanding the role of the digital economy and connecting with the international market, to increase exports and create new employment opportunities for youth.

Earlier this month, Abdul Razak Dawood had congratulated Pakistani exporters for achieving a 7.2 percent increase in exports during the month of November 2020 as compared to the same period last year.

Read more: Will start engaging all stakeholders on trade agreement with Afghanistan: Dawood

On a social media website, Dawood mentioned that Pakistan’s exports have crossed the US$ 2 billion per month mark today. The absolute value of Pakistan’s exports has increased to US$2.156 billion in November 2020 as compared to US$ 2.011 billion in the same month last year.

Furthermore, for the first 5 months of 2020, the exports increased to US$ 9.732 billion as compared to US$ 9.545 billion over the same period in 2019. Dawood commends the hard work of exporters, who have contributed to this rise in exports amidst the COVID-19 pandemic.
Tags: Abdul Razak Dawoodmm newsmm tv
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