The advisor informed that a summary will be presented at the next Economic Coordination Committee (ECC) meeting to ensure the availability of cotton and yarn in the coming months.
The Committee deliberated various proposals relating to export sectors of Pakistan like leather, cutlery, fisheries, textile, sports goods, garments etc.
The advisor was of the view that the incumbent government has successfully stopped the process of de-industrialisation and is now working towards industrial expansion.
The Istanbul-Tehran-Islamabad (ITI) Freight Train will resume operations this March after nine years, according to a recent tweet by Abdul Razak Dawood.
The advisor informed that the country’s exports for Feb-2021 stand at $2,044 million as compared to $2,140 million for Feb-2020, showing a decline of 4.5 percent.
Highlighting the trade relations between the two countries since signing the Free Trade Agreement (FTA) back in 2005, the advisor was of the view that since then “our exports have doubled and are now around $400 million. This seems good, but I honestly feel not good enough it doesn't match the relationship that we have between our countries and I feel that it should be much better.”
The advisor was of the view that the growth in the industrial output will not only lead to job creation but it will also contribute to increase in our exports.
