ISLAMABAD: As coronavirus outbreak has badly affected economic activitiesin China, its impact was also being felt by Pakistan, as the latter importsa bulk of its products from the former.
This was stated by Adviser to Prime Minister on Commerce and IndustriesAbdul Razak Dawood while talking to a group of journalists in Islamabad onMonday.
“Since the bilateral is largely in favour of China, imports from theneighboring country have largely been affected.”
He said the ministry was monitoring the possible effects of coronavirus ondomestic production and exports.
Talking about the decline in exports in the month of January 2020, theadviser claimed that the global price index and recession were the reasonsbehind the decrease in exports. He, however, claimed that exports would seean increasing trend in the coming months.
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Justifying the reduction in exports, he also said that the global impactwas also visible in exports of regional countries like India and Bangladesh.
Talking about his government’s focus on the emerging market of Africa, theadviser said that the ministry had last year prepared a ‘Look AfricaPolicy’ to exploit the African market. “We recently conducted a successfulconference in Nairobi and more of the same will be arranged in the nearfuture to stay increase our engagement with the African countries,” headded.
