“Economic activities modernized with adaption of latest technology”

Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood has said the government is taking measures to promote trade and investment in the country.

According to the details, while talking to a delegation of young entrepreneurs in the federal capital Islamabad today Wednesday, he said exports are increasing as a result of the government’s prudent policies.

The Advisor said economic activities are being modernized with the adaption of the latest technology.

He said E-commerce and information technology are emerging sectors in the country.

Earlier Abdul Razak Dawood said the government agreed that erstwhile 5 zero-rated industries would be given a rate of 7.5 ¢/kWh for July and August and 9 ¢/kWh thereafter. For gas, the rate will be $6.5/MMBtu throughout.

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This was decided in a meeting held between the Ministries of Commerce, Finance and Energy, he said.

In wake of the situation created by COVID- 19, pandemic, Razak Dawood said, “I feel MOC has obtained a very good rate and now the exporters should concentrate on the growth of our exports.”

The advisor also informed that a constructive meeting of the American Business Council was held with the Prime Minister, Imran Khan yesterday, where issues relating to Urdu labeling, pharma, mobile device manufacturing, and transshipment of goods were discussed.

He said that all these matters were important and would be examined with the relevant stakeholders to bring them to closure.