ISLAMABAD – Pakistan exports yo increase to around USD 27 billion in 2019,a top financial advisor to Prime Minister Imran Khan has said.
The Imran Khan led government is facing increasing pressure for risinginflation, new taxes and an overall struggling economic picture sincecoming into power last year after the general elections.
Adviser to Khan for Commerce, Textile and Industry Production Abdul RazakDawood said that the target of exports the government had set by the yearend was around USD 27 billion.
This year we will achieve the target of setting a new record for highestexports from Pakistan and we are looking at around USD 27 billion ofexports, Dawood said at an Edible oil conference here on Saturday.
The government is due to announce a mini budget on January 23rd in theNational Assembly, which could bring more taxes and duties for theconsumers and importers.
Stating that reducing imports was vital for economic growth, Dawood saidthe government is focusing on increasing volume of exports in 2019.
Read Top Stories
Official data by State Bank of Pakistan shows that total exports haveyielded USD 11.5 billion in the first half of the current fiscal year whichmeans another target of USD 15.5 billion has to come in the remainingmonths of the fiscal year.
Dawood said that the government was formulating a strategy to increaseexports this year and added that the figures for December 2018 were muchbetter than December 2017.
We have achieved success in acquiring a one billion dollar market in Chinafor export of sugar and rice, he said.
