Industrial development key to economic uplift of country: Adviser

Pakistan’s exports surged by 7pc as production line had gone up despite difficult environment

ISLAMABAD (APP) – Adviser to Prime Minister on Commerce Abdul Razak Dawood Tuesday terming project of Allama Iqbal Industrial City imperative for industrial development in the country said projects like Faisalabad Industrial Estate Development and Management Company (FIEDMC) would help the industry generating economic activities by attracting foreign and local investors besides enhancing volume to exports to meet the challenges of trade deficit.

Talking to Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Kashif Ashfaq during a meeting in Lahore, the adviser lauded the services of FIEDMC, saying the company would help the industry generate economic activities by attracting foreign and local investors besides enhancing volume to exports to meet the challenges of trade deficit. FIEDMC Chief Operating Officer Aamir Saleemi was also present on the occasion.

Dawood said Pakistan’s exports surged by 7pc as production line had gone up despite difficult environment.

“The trade gap is narrowing down as exports are showing a steady trajectory while imports got reduced by $4 billion and overall current account deficit also improved,” he added.