Staff Rep[ort
ISLAMABAD: In a major achievement, Pakistan’s exports for the month of December 2020 grew by 18.3 per cent to $2.357 billion as compared to $1.993 billion in December 2019.
Taking to social networking website, Twitter, Adviser to Prime Minister on Commerce Abdul Razak Dawood said that this was the highest export ever in the month of December.
He said, “It gives me immense pleasure to inform that, Alhamdolillah, according to provisional data, Pakistan exports for the month of December 2020 have grown by 18.3% to $2.357 billion as compared to $1.993 billion in December 2019, an increase of $364 million over December.”
Dawood said that for the period July-December 2020, our exports increased by 4.9 per cent to $12.104 billion as compared to $11.533 billion in the corresponding period last year.
“This shows the resilience of the economy of Pakistan and it is a vindication of the government’s policy to keep the wheels of economy running during COVID-19 pandemic. I commend our exporters for achieving this feat during these testing times and urge them to aggressively focus on capturing a larger share of international trade.”
Felicitating significant growth Prime Minister Imran Khan congratulated exporters for the December 2020 data showing 18 per cent growth in overall exports in year-to-year comparison.
On his Twitter handle, the PM bade “well done” to those catalyzing the achievement and encouraged them to “keep up the trend”.
He said export enhancement is the major pillar of his government’s economic policy and underscored “we will provide full support to promote export culture”.
Earlier in October Mr. Dawood Razak said Pakistan was back on track because of hectic endeavors in two years from de-industrialization to a level wherein business community dealing with large scale manufacturing has now started feeling on how to increase their capacity to meet the export orders they have in their hand.
This government came into power in 2018 and it was the policy of the previous government to forget the industry and keep focusing on imports. The previous regime badly believed in making money through imports. Now the incumbent regime has successfully wriggled the country out of the de-industrialisation phase and placed it at a level where the process of industrialisation is set to take off.
Adviser to PM on Commerce, Textile and Investment Abdul Razak Dawood stated this in a wide-ranging interview with The News starting from the incentives the government is working on how to put the country on path to industrialisation to trade ties with regional countries, Afghanistan and Central Asian Republics (CARs) and India and up to the latest outlook about trade with China.
Abdul Razak Dawood also spoke his mind when asked as to whether Pakistan suffered or not after trade with many economies such as China, Malaysia, Indonesia and Sri Lank under free trade agreements (FTAs) and preferential trade agreement (PTA).
He also highlighted Pakistan strategy on how to regain the share of export of $2.1 billion once Pakistan had in Afghanistan.
