The export target could drop to $ 22b this year: Razak Dawood | Instant News


LAHORE – Prime Minister of Trade Adviser Abdul Razak Dawood said the country’s export target of 25 billion dollars could not be achieved because of the ongoing locking situation in the country.

In an interview with Voice of America, he said export targets could drop to 22 billion dollars this year.

Advisers said exports fell 50 percent last month and remittances also dropped due to the ongoing situation.

For a question he said Pakistan could benefit from low oil prices in the current developing situation on international markets and that there would be no greater impact from the Current Account Deficit due to falling oil prices.

Abdul Razak Dawood also vowed to open the industrial sector in the coming months to provide opportunities for local exporters to get more benefits in the current scenario and major changes in the international trade market.

He urged local exporters to get orders freely from all countries including the textile industry to take advantage of new opportunities in the world market.

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