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Home Business & Stock

Exports could be delayed due to heavy rain in Karachi: Razzak Dawood

MM News Staff by MM News Staff
August 26, 2020
Reading Time: 1 min read
Razak Dawood

Razak Dawood

ISLAMABAD: Adviser to Prime Minister of Pakistan for Commerce, Industry and Investment Abdul Razzak Dawood feared that exports could be delayed due to heavy rain in Karachi.

On a social media website Twitter, Razzak Dawood said, “It appears that because of the heavy rains, particularly in Karachi, our exports consignments are being delayed and hence our exports for the month of August may be affected”

“Any difficulties faced by the exporters may please be brought to the notice of the MOC,” Dawood added.

It appears that because of the heavy rains, particularly in Karachi, our exports consignments are being delayed and hence our exports for the month of August may be affected. Any difficulties faced by the exporters may please be brought to the notice of the MOC. @ImranKhanPTI

— Abdul Razak Dawood (@razak_dawood) August 26, 2020

The statement from the minister came after record rains lashed Karachi in the month of August disrupting daily life and halting business activities in the port city.

The hours-long spell, which began before sunrise on Tuesday and continued till night, broke previous records of rainfall recorded in the city.

The Met department said that Karachi had received 345mm of rainfall so far in August, breaking the previous record of 298mm reported in August 1984.

Earlier, Dawood had said exports of Pakistan that are particularly textiles, became competitive after the rupee’s devaluation and duty cuts, citing a 36 percent jump in quantity of garments shipments.

Pakistan’s trade deficit narrowed 33 percent to $9.7 billion in the five months to November, as imports dropped by 18 percent and exports rose 5 percent in the same period, he added.

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