Skip to main content

Pakistan's exports picking up despite pandemic


By Masood Sattar Khan
(Pakistan News & Features Services)

Pakistan’s exports have started picking up recently despite economic slum all over the world because of COVID-19 pandemic. Pakistan's manufacturing sector has started getting millions of dollars export orders despite the pandemic scenario. 

The government’s ‘Make in Pakistan’ policy and work towards rapid industrialization aimed at enhancing exports and substituting imports have started paying dividends. 

A Pakistani company recently succeeded in procuring an order of sportswear from a famous brand while an electronic company also started exporting microwave ovens to Bangladesh.

This is the first-ever export of microwave ovens and it could be a new beginning for Pakistan engineering exports, particularly home appliances. 

In another development a cement company, after exporting its product to China, has now started exporting it to the Philippines. 

Pakistan, after getting the 100 million dollars face mask order from US, Canada and Europe, has now also allowed the export of PPEs & hand sanitizers thus opening door for the exporters to capture a good share of world market. 

Pakistan is making these developments despite COVID-19 crisis, being the manufacturer of small instruments in the past. It is now focusing more on bigger instruments and devices for export purposes consequently reducing the import burden.

“The exports of Pakistan are showing clear signs of recovery, due to the efforts of the exporters to diversify the products, in the wake of new opportunities arising amid the COVID-19 pandemic,” Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, observed while chairing a meeting to discuss the export strategy of Pakistan. 

“We are fully prepared to exploit the economic and trade opportunities expected in the wake of the post-COVID-19 pandemic to increase local production for promoting Pakistan made products in global potential markets,” he added.

In a tweet the advisor said that export remittances from IT and ITES sector have picked up, showing a growth of 21% and fetching over a billion dollars in foreign exchange, in just 11 months of FY2019-20.
Labels:

Comments

Post a Comment

Popular posts from this blog

KDSP: Empowering Individuals with Down Syndrome in Karachi

The Karachi Down Syndrome Program (KDSP), a beacon of hope and support, is making significant strides in empowering individuals with Down syndrome in the city. Founded in March 2014 by a group of passionate parents and individuals, KDSP addresses the critical need for comprehensive resources and platforms for those with Down syndrome in Karachi. Bridging the Gap: A Mission of Advocacy and Inclusion KDSP operates as a non-profit organization with a clear mission: to advocate for the value, acceptance, and inclusion of individuals with Down syndrome. Recognizing the limited support and resources available locally, KDSP was established to provide a nurturing environment where individuals with Down syndrome can lead independent and fulfilling lives. A Lifelong Journey of Support Understanding the unique needs of individuals with Down syndrome and their families, KDSP offers unwavering support from the moment a family receives a diagnosis.  They embark on a journey with each family, pro...
Post a Comment
Read more

China’s maize-soybean technology brings bumper harvest in Punjab

By Masood Sattar Khan (Pakistan News & Features Services) The harvest of maize-soybean strip inter-cropping demonstration in Bahawalpur, Punjab, was completed on July 6. The yields of soybean and maize reached 1,304 kg/ha and 8,596 kg/ha respectively, which exhibited satisfactory results. This was indeed encouraging news for local farmers who desired growing soybean without curbing the cultivation of maize, the Gwadar Pro, a Chinese website, reported July 7.  Maize harvest in this inter-cropping field outdistanced the country’s average maize yield which was only around 5,000 kg per hectare. Meanwhile, the farmers received considerable soybeans as an additional return.  As the selling price of soybean was two to three times that of maize, when comparing the two crops as a whole, the overall economic benefit had been significantly improved.  “If you calculate the total benefits, maize-soybean inter-cropping will be the best system in terms of i...
Post a Comment
Read more

China's port city Tianjin houses beautiful mosque

By Masood Sattar Khan (Pakistan News & Features Services) Tianjin, one the China’s busiest port cities and close to Beijing, has a beautiful masque sprawling on 1970 meters with all modern facilities for worshippers.  The famous Tianjin East Mosque is located in downtown at Ermalu Road in Nankai district. Tianjin is estimated to have around a Muslim population of 180,000.  The mosque was built anew in 2008 when it was relocated to shift for more spacious space to facilitate the local Muslims.  The new mosque is very beautiful with modern facilities thus the atmosphere becomes more comfortable for the worshippers. The walls of the main prayer hall are decorated with verses from Holy Quran.
Post a Comment
Read more