Exports increase by 13.6% in February, says Hammad Azhar
ISLAMABAD: Minister for Economic Affairs Hammad Azhar has said the country’s exports were growing at a time when many developing countries including in our region, were witnessing negative growth.
In a series of tweets, he said the exports in February increased by 13.6 percent whilst imports had declined by four percent.
Hammad Azhar said the consumer price index inflation rate had witnessed deceleration. “It has come down from 14.6 percent in January to 12.4 percent in February,” he said.
The federal minister said that essential food items that decreased in February over January were onion by 8.8 percent, tomato 60.3 percent, potato 12.9 percent, fresh vegetables 11.5 percent and wheat flour by 5.3 percent.
On Nov 25, 2019, Advisor to Prime Minister on Commerce and Textile Abdul Razak Dawood had said lucrative incentives would be offered to industrialists and businessmen upon beefing up exports in the country.
“The government is formulating a policy to increase exports and decrease imports for economic stability of the country,” Abdul Razak Dawood had said while addressing a prize distribution ceremony of three-day 11th mega ‘Interiors Pakistan’ international exhibition in Lahore.
He had said the government was working simultaneously on short and long term policies to boost economy of the country.
The advisor had said because of business-friendly policies of the government, Pakistan had climbed 28 points on the World Bank’s ease of doing business index that had given an encouraging signal to the investors from abroad.
He had said the government would negotiate with Japan, Vietnam, South Korea and other Pacific and South East Asian countries for promotion of trade.