Commerce Adviser discloses new export targets for next three years

Adviser to Prime Minister on Commerce and Investment Abdul Razak has unveiled a new export target for the period of the next three years.

According to the details, in his recent statement, the Commerce Adviser said that new trade markets are being explored across the world, to achieve the 26 billion dollars export target in the next three years.

The Commerce Adviser said that in order to boost exports, the government has included trade variation, regional trade integration through Gwadar Port and exploring new markets in Africa, North and South America, and enhancing the production of engineering goods in the main agenda.

The Adviser said regional trade and economic integration would play a huge role in enhancing connectivity with the Central Asian States and Afghanistan.

He said another major focus of the government is on expanding the role of the digital economy and connecting with the international market, to increase exports and create new employment opportunities for youth.

Earlier this month, Abdul Razak Dawood has said that exports have increased by 7.2% year-on-year in November. The Commerce Adviser informed in his tweet;

“We have just received provisional figures for export of goods. I wish to congratulate our exporters that in these very difficult times with resurgence of COVID-19 cases in Pakistan & globally, our exports have increased by 7.2% in November 2020 over the same period last year.”

Commerce Adviser added:

For the first 5 months of the current year, the exports have increased to USD 9.732 billion as compared to USD 9.545 billion over the same period last year. This has been due to the hard work of our exporters and they deserve praise for this accomplishment.