Pakistan’s exports increased by 7%: Abdul Razak Dawood

LAHORE, Pakistan: The Prime Minister’s Adviser on Commerce Abdul Razak Dawood has said that Pakistan’s exports have increased by seven percent as production line has spite difficult environment.

Talking to the Chairman Faisalabad Industrial Estate Development and Management Company Mian Kashif Ashfaq in Lahore on Tuesday, Abdul Razak Dawood said that the trade gap is narrowing down as exports are showing steadying trajectory while imports have reduced by US$ four billion.

Razak Dawood said that overall current account deficit has also improved. He said that in term of quantity, the exports of garments went up by 29 percent, cement 25 percent, basmati rice 21 percent and footwear 26 percent in the current fiscal year.

The adviser said that the situation on economic front is not as bad as being portrayed by some quarters.