BR100 Decreased By (-0.85%)
BR30 Decreased By (-1.05%)
KSE100 Decreased By (-2.48%)
KSE30 Decreased By (-2.5%)
BECO 5.39 Decreased By ▼ -0.21 (-3.75%)
BML 64.65 Increased By ▲ 3.70 (6.07%)
BOP 35.20 Decreased By ▼ -2.17 (-5.81%)
CNERGY 8.55 Increased By ▲ 0.06 (0.71%)
DCL 11.00 Decreased By ▼ -0.75 (-6.38%)
FCCL 56.26 Decreased By ▼ -1.49 (-2.58%)
FCSC 5.06 Increased By ▲ 0.02 (0.4%)
FFL 17.35 Decreased By ▼ -0.54 (-3.02%)
FNEL 1.26 Increased By ▲ 0.02 (1.61%)
HUMNL 11.00 Decreased By ▼ -0.20 (-1.79%)
KEL 7.78 Decreased By ▼ -0.33 (-4.07%)
KOSM 6.04 Decreased By ▼ -0.33 (-5.18%)
MLCF 100.05 Decreased By ▼ -7.01 (-6.55%)
NBP 206.11 Decreased By ▼ -12.20 (-5.59%)
PACE 11.65 Increased By ▲ 0.48 (4.3%)
PAEL 43.80 Decreased By ▼ -3.22 (-6.85%)
PIAHCLA 28.78 Decreased By ▼ -1.88 (-6.13%)
PIBTL 17.45 Decreased By ▼ -1.17 (-6.28%)
PPL 236.80 Decreased By ▼ -10.02 (-4.06%)
PRL 38.10 Increased By ▲ 0.85 (2.28%)
PTC 68.60 Decreased By ▼ -3.00 (-4.19%)
SEARL 93.50 Decreased By ▼ -5.66 (-5.71%)
SSGC 29.80 Decreased By ▼ -2.14 (-6.7%)
TELE 8.90 Decreased By ▼ -0.28 (-3.05%)
THCCL 68.68 Decreased By ▼ -5.52 (-7.44%)
TPLP 12.16 Decreased By ▼ -1.16 (-8.71%)
TREET 24.59 Decreased By ▼ -1.27 (-4.91%)
TRG 64.10 Decreased By ▼ -3.40 (-5.04%)
WAVES 10.96 Decreased By ▼ -0.55 (-4.78%)
WTL 1.34 Increased By ▲ 0.07 (5.51%)
Business & Finance

PPE a silver lining for Pakistan exports, says Dawood

  • Pakistan has “really moved fast into that area,” said Dawood, and was optimistic that the current year would be better than the previous, with regards to PPE exports.
Published Updated

With economies faltering globally amid the coronavirus health crisis, the vulnerable export sector of Pakistan might have found its silver lining with the exports of PPE.

The exports of PPE, masks, and other protective gear have increased amid the pandemic, informed Abdul Razak Dawood, the Advisor to Prime Minister Imran Khan on Trade, quoted Bloomberg.

The country's exports which declined by over 6 percent during FY19-20, are quickly making its name in this new market. Pakistan has “really moved fast into that area,” said Dawood, and was optimistic that the current year would be better than the previous, with regards to PPE exports.

The country is also keen to utilize its strategic position on the globe and wants to attract multinationals, as Pakistan plans to give tax incentives to any global brand that opens an office here, informed Dawood.

Earlier, Federal Minister for Science and Technology stated that the local industry had enhanced its capacity for PPE production and "we are receiving interest from foreign investors as well."

On June 2, Federal Cabinet lifted the ban on the export of all items of PPE, hand sanitizers, disposable gowns and gloves, face shields, biohazard bags, goggles and shoe covers, made from various classes of materials, including woven and non-woven chlorinated polyethylene (CPE), Polypropylene (PP), spunbond and meltblown, with the exception of N-95 Masks and Surgical Masks and Tyvek Suits.

Comments

Comments are closed for this article.