Pakistan's exports reach to $2.35bn, highest figures in July: Razak Dawood
Pakistani exports touched the mark of over 25 billion during the last fiscal year
ISLAMABAD (Dunya News) – Prime Minister’s Adviser on Trade and Investment Abdul Razak Dawood on Monday said that Pakistan’s exports figures during the first month of the current fiscal year reached to $2.3 billion, the highest figures in July.
Addressing a joint news conference with Prime Minister s Special Assistant Shahbaz Gill, the adviser said that Pakistan s exports touched the mark of over 25 billion during the last fiscal year and now the government has set an export target of 38.7 to 40 billion dollars for the current financial year.
He also said in June alone our exports were 2.7 billion dollars, while in the last month these were 2.3 billion dollars.
Abdul Razak Dawood said the export target for previous year was 25.3 billion dollars for goods and six billion dollars for the services sector. He said 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, 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,” he maintained.
Razak Dawood said the 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 mentioned that Pakistan has also got an export order of 10,000 motorcycles, which was earlier standing at nil. He said Honda company has also shown interest to shift some of its products to Pakistan, which is an encourage sign.
Abdul Razak Dawood said Pakistan has also started manufacturing of locally made mobile phone sets, which is resulting in reduction in import of mobile phones. He expressed the belief that exports of mobile phones will soon be started, which will also contribute in achieving the exports sector.
