Home Business Important development in house textiles, prescribed drugs & different exports: Abdul Razak Dawood

Important development in house textiles, prescribed drugs & different exports: Abdul Razak Dawood

by News Updater
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Adviser to the Prime Minister on Commerce Abdul Razak Dawood on Thursday introduced that a number of industrial exports in Pakistan have lately witnessed important development.

Sharing November 2020’s provisional figures on his Twitter account, Dawood revealed that as in comparison with 2019, the exports of house textiles have grown by 20%, pharmaceutical merchandise by 20%, rice by 14%, and surgical items have witnessed an 11% development in exports.
In line with his tweets, different industrial exports which have seen a lift within the month of November embrace stockings and socks (41%), jerseys and pullovers (21%), girls’s clothes (11%) and males’s clothes (4.3%).
“This is in line with our policy of promotion of value-added exports and reflects a healthy trend,” the adviser wrote.
Final month, the federal government stated that Pakistan’s key financial indicators have began displaying outcomes because of efficient insurance policies which fueled development and enhanced remittances and overseas direct funding.
Pakistan’s economic system witnessed optimistic indicators throughout the first quarter of the continuing fiscal 12 months 2020-21 (FY20-21) as remittances grew 26.5%, overseas direct funding (FDI) rose 9.1%, tax assortment went up 4.5%, and the first stability has been in a surplus price Rs258 billion.
In line with official sources, the PTI authorities’s “prudent and timely policies” bolstered large-scale manufacturing (LSM), which registered a 4.8% development, whereas the cement sector expanded 20% at 100% capability utilisation.



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