Exports to Africa increase by 10 percent in 2020: Razak Dawood

Razak Dawood
ISLAMABAD: Adviser to Prime Minister Imran Khan on Commerce Abdul Razak Dawood has said that Pakistan’s exports to African countries have increased by 10 percent in 2020.
In a series of tweets Abdul Razak Dawood wrote, “Alhumdulillah! Even in these testing times Pakistan’s exports to African countries have increased by 10 percent from 1st July 2019 to 21st April 2020 as compared to the same period during last Fiscal Year”.

Razak Dawood further said, “I would like to commend my team at the Ministry of commerce for the ‘Look Africa Policy Initiative’ under which rice exports has increased by 20 percent from US $ 500 to US $ 600 million, tractors from US $ 9 to 15 million, clothing from Us $ 4 to 50 million and bed linen from US $ 30 to US $ 36 million”.

Earlier, he said “Drawback of Local Taxes and Levies (DLTL) refunds of Rs 828 million for non-textile sector had been transferred to State Bank of Pakistan (SBP) and reimbursement would start from Friday” he added.

He said the western economic block would gradually opening up there market and there were trickles of order coming from them to provide huge opportunity to the local industrial sector.
The adviser said, “I am appealing to local textiles industry to take full advantage of these new opportunities to enter in new segment and new geography”.
He reiterated that the government would fully support to the Industrial sector in that regard.

Abdul Razak Dawood said the Gwadar Port has been operationalized for Afghan Transit Trade under APTTA 2010.

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