ANL 32.75 Increased By ▲ 1.28 (4.07%)
ASC 14.38 Increased By ▲ 0.28 (1.99%)
ASL 25.50 Increased By ▲ 1.70 (7.14%)
AVN 95.70 Increased By ▲ 0.95 (1%)
BOP 9.15 Increased By ▲ 0.01 (0.11%)
BYCO 9.98 Increased By ▲ 0.20 (2.04%)
DGKC 135.30 Increased By ▲ 0.50 (0.37%)
EPCL 51.25 Decreased By ▼ -1.00 (-1.91%)
FCCL 24.69 Decreased By ▼ -0.21 (-0.84%)
FFBL 24.50 Decreased By ▼ -0.30 (-1.21%)
FFL 15.42 Increased By ▲ 0.22 (1.45%)
HASCOL 10.72 Decreased By ▼ -0.03 (-0.28%)
HUBC 86.74 Increased By ▲ 1.94 (2.29%)
HUMNL 7.10 Increased By ▲ 0.10 (1.43%)
JSCL 26.59 Increased By ▲ 1.65 (6.62%)
KAPCO 39.20 Increased By ▲ 1.80 (4.81%)
KEL 4.11 Increased By ▲ 0.03 (0.74%)
LOTCHEM 14.72 Increased By ▲ 0.27 (1.87%)
MLCF 46.84 Decreased By ▼ -0.11 (-0.23%)
PAEL 37.10 Decreased By ▼ -0.09 (-0.24%)
PIBTL 11.83 Increased By ▲ 0.15 (1.28%)
POWER 10.50 Increased By ▲ 0.28 (2.74%)
PPL 91.50 Increased By ▲ 0.85 (0.94%)
PRL 25.82 Increased By ▲ 0.52 (2.06%)
PTC 8.90 Increased By ▲ 0.15 (1.71%)
SILK 1.40 Decreased By ▼ -0.01 (-0.71%)
SNGP 41.07 Increased By ▲ 2.57 (6.68%)
TRG 147.70 Increased By ▲ 6.10 (4.31%)
UNITY 30.48 Increased By ▲ 0.73 (2.45%)
WTL 1.54 No Change ▼ 0.00 (0%)
BR100 4,985 Increased By ▲ 72.55 (1.48%)
BR30 25,833 Increased By ▲ 500.7 (1.98%)
KSE100 45,964 Increased By ▲ 370.84 (0.81%)
KSE30 19,236 Increased By ▲ 179.9 (0.94%)
Business & Finance

Pakistan’s export product diversification strategy reaping results, says Dawood

  • Dawood was of the view that the diversification of our exports away from the traditional sectors to new developmental sectors is an important part of government strategy.
07 Aug 2020

Pakistan’s export product diversification strategy have shown impressive trend in July 2020, said Advisor to Prime Minister on Trade Abdul Razak Dawood.

Dawood in a series of tweets on Friday said “In line with our export product diversification strategy, the exports of the following products have shown encouraging trend in July 2020 over July 2019: 1. Exports of Fish and Fish Products have increased by 50% to US$26 million from US$17mn. 2. Export of Food Preparations increased by more than 300% to US$6.4mn from US$1.44mn.”

Dawood was of the view that the diversification of our exports away from the traditional sectors to new developmental sectors is an important part of government strategy.

“I wish to congratulate exporters in the above two sectors on their performance. We should not worry about size of any sector, as all large sectors were once small, but must look at the growth potential,” he added.

After a series of monthly decline, Pakistan exports finally witnessed a 5.8 percent growth in the month of July as compared to the same month last year, as Pakistan posted exports worth $1,998 million worth of goods and services in the first month of the current financial year.

As per the data released by the Ministry of Commerce, Pakistan exports for the month of July stood at $1.99bn as compared to $1.88bn recorded in July 2019, showing a yearly increase of $109mn.