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Pakistan’s exports to Africa have increased by 10%


Syed Umarullah HussainiWeb Editor

24th Apr, 2020. 12:01 pm
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commerce

Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood said on Friday that Pakistan’s exports to Africa have increased by 10% from July 2019 to 21st April 2020.

Taking to his official twitter handle, Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood  said that:

“Alhumdulillah! Even in these testing times Pakistan’s exports to Africa have increased by 10% from July 2019 to 21st April 2020, as compared to the same period last year.”

He further said wrote:

I would like to commend my team at the MOC for the Look Africa Policy Initiative under which rice exports has increased 20%, from $500 to $600 million, tractors from $9 to 15 million, clothing from $4 to $50 million, and bed linen from $30 to $36 million.

Earlier in January this year; Pakistan launched Look Africa Policy a top-level drive to expand its trade ties with African nations.

Pakistan’s trade with Africa has remained stagnant at $3 billion/year from 2012-13 to 2016-17, which has increased to $4.6 billion in 2018-19. Pakistan’s share in total trade of African countries is 0.4 percent.

Furthermore In 2019, the government had relocated six commercial sections from Europe to Africa taking the total number to ten, to cover top ten economies of Africa.

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