“Pakistan will export cell phones and bicycles in the next few years”
FAISALABAD: Prime Minister’s Investment and Trade Advisor Abdul Razak Dawood said on Saturday that Pakistan would start exporting cellphones and motorcycles over the next few years.
Addressing an event at the Faisalabad Chamber of Commerce, he said that we need to bring the total Pakistani export volume to $ 200 billion. He added that Pakistan urgently needed an influx of capital from abroad.
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“The national economy is on the right track,” Dawood said, calling for an increase in the rate of growth.
The Prime Minister’s assistant for investment and trade reiterated the government’s determination to facilitate exporters.
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Earlier this week, he tweeted: “Our exports have been doing quite well in our main markets.”
He said Pakistan’s exports to China rose 34 percent to $ 2.33 billion in fiscal year 2020-21, from $ 1.74 billion in the previous fiscal year, an increase of $ 586 million.
The country’s exports to Germany rose 19% to $ 1.5 billion from $ 1.3 billion the previous year, he added.
Prime Minister’s Investment and Trade Advisor Abdul Razak Dawood said Pakistan’s exports to the Netherlands rose 23 percent to $ 1.2 billion from the $ 1 billion in l ‘previous fiscal year and that exports to Poland increased by 28% to $ 308 million in fiscal year 2020-21 compared to $ 241 million in fiscal year 2019-2020