ISLAMABAD – Adviser to the Prime Minister on Commerce, Textile, Industryand Production Abdul Razak Dawood on Friday apprised the Senate that thecountry’s exports witnessed 2 per cent increase during July 2019 to January2020.
Responding to various supplementary questions during Question Hour, theAdviser said that the textile sector exports witnessed 25 per centincrease, poultry 50 per cent and fishery 28 per cent during the lastperiod.
However, he said quantity wise exports registered upward trend but notvalue-wise due to prevailing recession at international level.
Abdul Razak said special focus was also being given to boost export of IT,chemical and engineering products. Gas and electricity tariffs were alsofixed for export-oriented sectors, he added.
To another question, he said the Commerce Ministry was in the process offinalizing the Strategic Trade Policy Framework 2020-25, with an aim ataddressing capacity constraints of competitiveness and factor productivityrelated issues that were hampering growth of small-scale entrepreneurs.
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The Federal Cabinet has approved the National Tariff Policy (2019-24), onNovember 19, 2019. The policy aimed at making the tariff structure trulyreflect trade policy priorities, improving competitiveness throughduty-free access to imported inputs, rationalizing the tariff structure forenhancing efficiencies and reducing the relative “disincentive” for theexporting activities, he said.
To a separate question, Razak Dawood said as many as 43 commercialcounselors were selected and 35 had already joined their duties. Propertraining was given to them before posting them abroad, he said.
