According to Abdul Razak Dawood, the Prime Minister’s Commerce Advisor, Pakistan’s exports exceeded $25 billion in the previous fiscal year, and the government has set an export target of 38.7 to 40 billion dollars for the current fiscal year.
He told a joint news conference with Prime Minister’s Special Assistant, Shahbaz Gill, in Islamabad this afternoon that our exports were 2.7 billion dollars in June alone, up from 2.3 billion dollars the previous month.
Abdul Razak Dawood stated that the previous year’s export aim was 25.3 billion dollars for products and six billion dollars for services. He said that the IT industry had the largest exports, with a 47 percent increase, meaning that IT exports had surpassed the two-billion-dollar level. We established a combined objective of 38.7 billion to 40 billion dollars this year, he added, with 31.2 billion dollars in products and 7.5 billion dollars in services.
According to the Advisor, the government is focusing on an export-oriented policy, in addition to pursuing a Make in Pakistan policy, in order to stimulate local industry and generate locally manufactured goods that are internationally compatible for export.
Pakistan has also received a 10,000 motorcycle export order, which was previously nil, according to Abdul Razak Dawood. He added that Honda has expressed interest in relocating some of its goods to Pakistan, which is a positive indicator. He also stated that Pakistan has begun manufacturing locally-made mobile phone sets, hence reducing mobile phone imports. He expressed confidence that mobile phone exports will begin shortly, contributing to the achievement of the exports industry.
Shahbaz Gill, speaking on the occasion, said Prime Minister Imran Khan had a good discussion with exporters during which it was decided that he will meet with them once in a while.