Thursday, December 19, 2024

In the next few years, Pakistan will export mobile phones and bikes

Abdul Razak Dawood, the Prime Minister’s Investment and Commerce Adviser, said on Saturday that Pakistan will begin exporting mobile phones and motorcycles in the coming years.

In a speech to the Faisalabad Chambers of Commerce, he stated that Pakistan’s entire export volume must reach $200 billion. Pakistan, he noted, is in desperate need of foreign capital.

“The national economy is on the right track,” Dawood insisted, urging the rate of growth to be increased.

The PM’s investment and commerce assistant reaffirmed the government’s commitment to helping exporters.

“Our exports have done fairly well in our big markets,” he tweeted earlier this week.

According to him, Pakistan’s exports to China climbed by 34% to $2.33 billion in fiscal year 2020-21, up from $1.74 billion the previous year, a rise of $586 million.

According to Abdul Razak Dawood, the Prime Minister’s Adviser on Investment and Commerce, Pakistani exports to the Netherlands increased by 23 percent to $1.2 billion in FY2020-21, compared to $1 billion in FY2019-20, and exports to Poland increased by 28 percent to $308 million in FY2020-21, compared to $241 million in FY2019-20.

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