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Business & Finance

Despite COVID-19, Pakistan managed to ‘arrest’ declining trend in exports, claims Dawood

  • The advisor informed that in the coming days the ministry will meet to strategize how to recover fully, continue the momentum, and expand our exports with new products and more geographical diversification.
02 Jul 2020

Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Thursday have said that despite lockdowns measures implemented in order to control the spread of coronavirus, Pakistan’s exports have ‘successfully bounced back.’

“At height of lockdown, I was expecting much worse export results but we have successfully bounced back. I would like to congratulate all our respected exporters for their efforts,” said Dawood in a series of tweets.

The advisor informed that in the coming days the ministry will meet to strategize how to recover fully, continue the momentum, and expand our exports with new products and more geographical diversification. “Overall declining trend in exports, due to COVID, has been arrested,” claimed Dawood.

Giving figures pertaining to Pakistan’s exports Dawood informed that the country’s exports declined only by 6.83 percent FY 2019-20 as compared to last year, despite setbacks caused by the pandemic.

Furthermore, the advisor said that the Chief Secretary of Punjab has c given him the confirmation under which export industries will allowed to work six days a week from 07:00 AM to 07:00 PM. “Hope this will further facilitate our respected exporters,” he said.