The exports of Pakistan touched the mark of over 25 billion during the last fiscal year and now the incumbent government has set an export target of 38.7 to 40 billion dollars for the current financial year.
This was stated by the Prime Minister Imran Khan’s Advisor on Commerce Abdul Razak Dawood while addressing a joint news conference with Prime Minister’s Special Assistant Shahbaz Gill in Islamabad on Monday.
On the occasion, the Advisor on Commerce has said that in June alone our exports were 2.7 billion dollars, while in the last month these were 2.3 billion dollars. He said that the export target for previous year was 25.3 billion dollars for goods and six billion dollars for the services sector.
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Abdul Razak Dawood further stated that the highest exports were recorded in the IT sector, which grew by 47 percent, which means that IT exports crossed the mark of two billion dollars. This year, he said we set a collective target of 38.7 billion to 40 billion dollars, which include 31.2 billion dollars of goods and 7.5 billion dollars for services.
“The incumbent government is focused on export oriented policy; besides, pursuing a policy of Make in Pakistan to encourage local industry and make locally produced goods internationally compatible for exports,” he said, adding that Pakistan has also got an export order of 10,000 motorcycles, which was earlier standing at nil.
The Advisor has said that Honda company has also shown interest to shift some of its products to Pakistan, which is an encourage sign. He said Pakistan has also started manufacturing of locally made mobile phone sets, which is resulting in reduction in import of mobile phones.
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