ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday urged exporters to increase market reach across the globe and said that increasing geographical diversification is an important part of Pakistan’s strategic trade policy.
“Once market reach extends, then market share will increase. Increasing geographical diversification is an important part of our strategic trade policy,” the adviser said in a tweet.
The adviser congratulated DG Khan Cement for acquiring orders for the export of cement to the Philippines which he said was the result of the company’s success in China.
He urged other exporters to follow DG Khan Cements example and work on extending their market reach across the world.
Once market reach extends, then market share will increase. Increasing geographical diversification is an important part of our strategic trade policy. 2/2 @PTVNewsOfficial @RadioPakistan
— Abdul Razak Dawood (@razak_dawood) July 8, 2020
In another tweet, the adviser praised the 21 per cent growth in export remittances from Information Technology (IT) and IT enabled Services (ITeS) sectors and informed that the sector had fetched over a billion dollars in foreign exchange, in 11 months of FY20.
I am glad to see that export remittances from IT & ITES sector have also picked up, showing a growth of 21% & fetching over a billion dollars in foreign exchange, in just 11 months of FY 2019-20. A lot of this success is due to efforts and support provided by Ministry of IT. 1/3
— Abdul Razak Dawood (@razak_dawood) July 8, 2020
IT and ITES is one of the top priorities of our Government and we encourage local and foreign investors in this sector. Ministry of Commerce has also introduced the first E-Commerce Policy, which will give further boost to our IT industry. 3/3 @appcsocialmedia @Emergingpk
— Abdul Razak Dawood (@razak_dawood) July 8, 2020
He further said that the growth in IT export remittances has registered to a large extent due to the support provided by the Ministry of IT.
He further said that the IT and ITeS sector is one of the top priorities of the government, adding that the government encourages local and foreign investors in the sector.
The adviser maintained that the Ministry of Commerce has also introduced the first e-commerce policy, which will further boost the IT industry.
Earlier on Tuesday, Abdul Razak Dawood had announced that Germany’s luxury fashion brand Hugo Boss had placed its first order of sportswear to a Pakistani company.
Happy to note that well known brand, Hugo Boss, has placed its first order of sportswear to a Pakistani company. This achievement was due to the effort of PRGMEA for holding the 35th IAF Fashion Convention in Nov last year, in Lahore. Congratulations to Ijaz Khokhar and PRGMEA.
— Abdul Razak Dawood (@razak_dawood) July 7, 2020
