Adviser for Commerce and Investment Razzaq Dawood on Sunday voiced hope that the country’s exports would reach $50 billion owing to the policy of trade diversification in potential trade sectors by the last fiscal year of the current government – 2023.
A combination of export diversification, non-traditional sectors and increasing exports to new markets, including the African market, would not only enhance the volume of the country’s exports but would also help achieve the export target, the adviser told APP.
‘Make in Pakistan’ is the government’s top priority trade policy, which aimed to introduce Pakistan’s traditional and non-traditional export sectors and local products in the international trade market.
The adviser said the country would export consumer durables such as mobile phones and motorcycles within the same trade policy, adding that the export of these two products to the global market would usher in an era of engineering products exports.
Dawood said that currently, the share of engineering goods exports in the global trade market was 51 per cent and the country now aimed at making a name for itself in non-traditional sectors, including engineering and pharmaceuticals.
