Export target set at $35bn for this fiscal year: Dawood

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Islamabad

Advisor to the PM on Commerce and Trade, Abdul Tazak Dawood has said that target for goods and services exports has been at $35 billion in the fiscal year 2021-22 despite the challenges arising from the coronavirus pandemic.

“For the current fiscal year, which started from July 2021, we have fixed a $35 billion export target, including $28 billion for goods and $7 billion for services,” Dawood said in an interview to a foreign news agency.

“We know that the Covid situation is still around the world, and we have made a lot of strategic planning to support our exporters,” Dawood said.

“It won’t be easy because everybody is opening up and they are going to get into the export market because the market has been depressed.

So, it will be difficult, but will be achieved.”To further promote export activity, Dawood said the government is looking into supporting new export sectors and diversification in the dominant ones such as textiles.

“If we want our exports to go higher, we have to diversify within existing sectors like textile and leather, and diversity in new sectors.

The new sectors are pharmaceutical, engineering, and food processing we are looking at,” he said.

 

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