Govt Sets Export Target Of $38.7 Billion For FY 2021-22: Razak Dawood
Prime Minister's Adviser for Commerce and Investment, Abdul Razak Dawood on Monday said the government has set an export target of $38.7 billion for the current Fiscal FY 2021-22
ISLAMABAD, (UrduPoint / Pakistan Point News - 2nd Aug, 2021 ) :Prime Minister's Adviser for Commerce and Investment, Abdul Razak Dawood on Monday said the government has set an export target of $38.7 billion for the current Fiscal FY 2021-22.
After consultation with different export sectors, the government has decided to set a target of $38.7 billion, which may exceed to $ 40 billion, the Adviser said while addressing a press conference along with Special Assistant to Prime Minister Shabaz Gill.
The adviser informed "For the previous year of 2020-21, We achieved a $31.3 billion export target out of which $ 25.3 billion contributed by goods and $ 6 billion by the services sector." He said in the FY 2020-21, the Information Technology (IT) exports crossed $2 billion mark, which were 74% more than in the same period of preceding year.
The Adviser informed that the exporters from the major sector including textiles, leather engineering and other sectors met with Prime Minister Imran Khan and gave their inputs for increasing country's exports.
He said that motorcycle manufacturers have planned to export 100,000 motorcycles this year and a mobile factory has also been established by Amin Allahwalla which would start its e-manufacturing from next year.
"Our exports increased in previous year because of the prudent policy of the government and we introduced realistic exchange rates, payments of refund and also gave them competitive energy rates." the adviser said.
Meanwhile special Assistant to the Prime Minister, Shabaz Gill said that the government has followed the policy of export diversification and introduces the new sector in export for enhancing the local exports.
He informed that now the Prime Minister has decided to consult with exporters every month and his economic team will meet the farmers twice a month.