ISLAMABAD: Exports of Pakistan to African countries have increased by 10 per cent from July 1st , 2019 to April 21st, 2020, as compared to the same period during last Fiscal Year, said, Abdul Razak Dawood, Prime Minister Adviser on Commerce and Investment here on Friday.
The adviser said, “I would like to commend my team at the Ministry of commerce for the ‘Look Africa Policy Initiative’ under which rice export has increased by 20 per cent from US $500 to US $600 million, tractors from US $ 9 to 15 million, clothing from Us $ 4 to 50 million and bed linen from US $ 30 to US $ 36 million, he shared these view on his twitter account.
He also announced that Drawback of Local Taxes and Levies (DLTL) refunds of Rs 828 million for non-textile sector had been transferred to State Bank of Pakistan (SBP) and reimbursement would start from today.
He said the western economic block would gradually opening up there market and there were trickles of order coming from them to provide huge opportunity to the local industrial sector.
The adviser said, “I am appealing to local textiles industry to take full advantage of these new opportunities to enter in new segment and new geography”.
He reiterated that the government would fully support to the Industrial sector in that regard.
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