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Exports surge, but challenges remain

Exports surge, but challenges remain Pakistan’s exports register the highest-ever increase of 18% in fiscal year 2020-21 says PM aide PHOTO: FILE LAHORE: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has emphasised that the real target is sustainable export growth as sustainability is the only recipe for economic success by overcoming the challenges. Talking to members of the Pakistan Textile Exporters Association (PTEA) in Faisalabad, the PM aide boasted that Pakistan’s exports had registered the highest-ever increase of 18% in fiscal year 2020-21 despite the adverse conditions created by the Covid-19 pandemic. “Major economies of the world shrank mainly due to the deadliest Covid waves, but it was Pakistan that performed quite well by increasing exports whereas the regional competing economies of India and Bangladesh remained in the negative zone,” he said.

Govt trying to resolve issues of SME sector on priority basis: Abdul Razak Dawood

Daily Times July 12, 2021 Advisor to Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood said that small and medium enterprises (SME) sector was contributing 95 percent share to the national economy and the government was fully cognizant of their importance and trying to resolve their issues on top priority basis. Addressing a meeting of All Pakistan Bed-sheets & Upholstery Manufacturers Association (APBUMA), he said the economy had been stabilized and now a new target for exports would be fixed after Eidul Azha during a meeting of stakeholders with Prime Minister Imran Khan. He said the government was already providing facilities to the SME sector. He said that most of the raw material consumed by the SME sector had been zero-rated. The remaining taxes and duties would also be withdrawn so that the SME sector could fully exploit its potential and give a quantum jump to national exports, he said.

Sustainable economic growth major challenge: Abdul Razak Dawood

Daily Times 8 investment counsellors appointed to boost industrial cooperation with China July 11, 2021 Advisor to Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood has said that sustainability of economic growth is a major challenge after stabilising and improving the economic indicators. He was addressing the business community at the Faisalabad Chamber of Commerce & Industry (FCCI) here on Saturday. He said that in this regard a series of meetings had been proposed with the stakeholders immediately after Eid. One meeting would be held with Prime Minister Imran Khan so that the exporters could interact directly with him and highlight their core issues.

Sustainable economic growth major challenge: Abdul Razak Dawood

Sustainable economic growth major challenge: Abdul Razak Dawood
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