Pakistan’s exports to Central Asia surge by over 2x YoY in 8MFY22

MG News | March 08, 2022 at 03:36 PM GMT+05:00

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March 08, 2022 (MLN): Pakistan’s exports to Central Asia during July-Feb 2022 grew by 135% from $72.5 million to $172.5mn in the same period of last year, Abdul Razak Dawood, Adviser to PM for Commerce and Investment said today.

While the country’s exports to Africa increased by 16% during July-Feb 2022 and stood at $1.033bn from $0.892 billion during the corresponding period last year.

In a series of tweets, the adviser said that geographical diversification and pursuit of regional trade & connectivity are two major pillars of the Ministry of Commerce’s Strategic Trade Policy Framework (STPF).

STPF focuses primarily on geographical and product diversification, reducing manufacturing costs through tariff rationalization and achieving regional connectivity.

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