Pakistan’s exports will hit record-high this year: Abdul Razak Dawood

KARACHI (January 19, 2019): Adviser to the Prime Minister of Pakistan on Commerce, Textile, Industry and Investment Abdul Razak Dawood today vowed that Pakistan’s exports will reach an all-time high this year.

Addressing a conference in Karachi, Abdul Razak Dawood said, “Despite difficulties, the country’s economy is headed towards improvement.”

“The current account deficit is a challenge and the government is taking emergency measures to fix it,” he added. “The business community and the government can work together to overcome challenges.”

Vowing to “increase exports rapidly”, Abdul Razak Dawood said, “We are working on a strategy to increase exports.”

“We will take exports up to $27 billion for the current year,” he added.

“December 2018 recorded better performance than December 2017,” Abdul Razak Dawood further said.

“We have acquired a $1 billion market from China for export of tea and rice,” Abdul Razak Dawood shared.

Stating that food and agriculture group Cargill Inc has expressed interest in investing around US $200 million in Pakistan, t Abdul Razak Dawood said, “Cargill will invest in seed oil business.”

“I confess I could not focus on edible oil as I was concentrating on other sectors. If farmers are helped in producing edible oil, then foreign exchange will be saved,” he added.

“We will take edible oil industry very far,” Abdul Razak Dawood promised.