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ISLAMABAD: Adviser to Prime Minister of Pakistan for Commerce and Investment, Abdul Razak Dawood has said that the exporters to be vigilant and aggressive to sustain their presence in the global markets.
On a social media website Twitter, the Adviser said, “COVID-19 is an unprecedented crisis in recent human history with far-reaching implications to the global economy.”
Recent figures by World Bank were showing that the pandemic has caused Gross Domestic Products (GDP) contraction around the world, projecting that the major economies of West Japan, South Korea and the likes will post negative growth in GDP, he added.
… Japan, South Korea etc. will post negative growth in GDP.
With the world returning to lockdowns, amid Covid-19 resurgence, the demand for our exports may also be affected. I appeal to the exporters to be vigilant and aggressive so that they may be able to … 2/3
— Abdul Razak Dawood (@razak_dawood) October 27, 2020
Razak Dawood said that with the world returning to knockdowns, amid Covid-19 resurgence, the demand for our exports may also be affected.
The exports of Egypt, India, South Africa, Thailand and Malaysia have declined over the previous year while Bangladesh has managed to maintain slightly positive growth, he said.
The exports of Egypt, India, South Africa, Thailand & Malaysia etc. have declined over previous year, while Bangladesh has managed to maintain slightly positive growth. This may give rise to increased competition, & hence, our exporters need to be all the more aggressive…1/2
— Abdul Razak Dawood (@razak_dawood) October 27, 2020
Advisor said this may give rise to increased competition, hence, our exporters need to be more aggressive in this environment.
If there were any procedural hurdles in logistics or at the port, MOC should be informed for timely action and to avoid delays in a meeting of orders, he informed.
