Pakistan's exports will hit
record-high this year
Adviser to PM on Commerce, Textile, Industry and Investment
Abdul Razak Dawood vowed that Pakistan's exports will reach an
all-time high this year. Addressing a conference in Karachi, the
adviser to the premier said, "despite difficulties, the
country's economy is headed towards improvement." “The current
account deficit is a challenge and the government is taking
emergency measures to fix it,” he added. “The business community
and the government can work together to overcome challenges."
Vowing to “increase exports rapidly”, Razak Dawood said, “we
are working on a strategy to increase exports.” “We will take
exports up to $27 billion for the current year,” he continued.
“December 2018 recorded better performance than December 2017,”
the adviser to the premier added. “We have acquired a $1 billion
market from China for the export of tea and rice,” Mr. Dawood
Stating that the food and agriculture group Cargill Inc has
expressed interest in investing some $200 million in Pakistan,
he said “Cargill will invest in the seed oil business.” “I
confess, I could not focus on edible oil as I was concentrating
on other sectors. If farmers are helped in producing edible oil,
then the foreign exchange will be saved,” he added. “We will
take the edible oil industry very far,” Razak Dawood promised.