Planning Minister for taking steps to increase exports with China upto $40bn

August 3, 2022 (MLN): Federal Minister for Planning Development & Special Initiatives Professor Ahsan Iqbal has directed the stakeholders to step up the export with China from current trade of $3 billion to $30 -40 billion.

He also directed the officials to identify China’s market where Pakistan can tap its products.

He also noted that the volume of China's Trade import with Pakistan is $2,600 billion which is dismally lower than the Pakistan's Export with China.

He further stated that the Ministry of Commerce should align with other departments to devise a strategy on increasing trade with China.

The Minister further observed that potential in Chinese markets can be tapped by phasing the market where Pakistan enjoys comparative advantage and in this respect a market driven approach should be put into practice by fulfilling the global trends and demands.                                                                                                                                                                              

Meanwhile, the Minister also reviewed the projects of the Ministry of Planning Development & Special Initiatives under Public Sector Development Programme (PSDP).

The Minister directed the officials to remove all bottlenecks in the execution of projects which includes Center of Excellence for China Economic Corridor Support Project, Competitive Grants for Policy Oriented Research, Green Line Rapid Transit System, National Initiative for SDGs on Nutrition, Operationalization of Green Line  BRTS & Installation of Integrated Intelligent Transport System Equipment,  Strengthening of Civil Service Registration & Vital Statistics CRVS System and the Construction of Pakistan Institute of Development Economic PIDE Campus at H-8.

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