Pakistan’s exports to Africa have increased by 10%: Abdul Razak Dawood
Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood said Friday that Pakistan’s exports to Africa rose by 10 per cent from July 2019 to April 21, 2020.
Taking to his official twitter account, Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood said:
“Alhumdulillah! Even in these testing times Pakistan’s exports to Africa have increased by 10% from July 2019 to 21st April 2020, as compared to the same period last year.”
He further said wrote:
“I would like to commend my team at the MOC for the Look Africa Policy Initiative under which rice exports has increased 20%, from $500 to $600 million, tractors from $9 to 15 million, clothing from $4 to $50 million, and bed linen from $30 to $36 million.”
Earlier this year in January; Pakistan initiated a top-level campaign for Look Africa Policy to expand its trade relations with African nations.
Pakistan’s trade with Africa from 2012-13 to 2016-17 remained constant at $3 billion / year, rising to $4.6 billion in 2018-19. Pakistan’s share of African countries’ overall trade is 0.4 per cent.
The government also moved six trade parts from Europe to Africa in 2019, bringing the total number to ten, representing Africa’s top ten economies.