Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood, has said that the Ministry of Commerce’s Make-in-Pakistan policy is delivering dividends and industrial activity in the country is increasing, as he announced that Pakistan’s imports increased by $2.085 billion during 8MFY21 as compared to the same period in last financial year.
Taking to Twitter, Dawood said that wheat imports amounted to $909 million during July-February 2021, while imports for sugar and cotton were valued at $126 million and $913 million, respectively.
“Cotton was also imported to facilitate the export-oriented industry and ensure that its exports are not hampered,” he said.
According to the provisional data, imports during Jul-Feb 2021 of this Financial Year (FY) increased by USD 2.085 billion as compared to the same period in last FY. The Ministry of Commerce (MOC) has conducted a preliminary analysis of this increase in import. 1/4 pic.twitter.com/LHLceqzjGj
— Abdul Razak Dawood (@razak_dawood) March 2, 2021
…to help the Export-oriented industry so that the exports are not hampered.
During Jul-Feb 2021, the import of Wheat amounted to USD 909 million, Sugar USD 126 million and Cotton USD 913 million (total of USD 1,948 million). 4/4— Abdul Razak Dawood (@razak_dawood) March 2, 2021
The premier’s adviser explained that most of the growth in the import bill came from an increase in import of raw material and intermediate goods, which increased by 7.8 per cent.
On the other hand, the import of capital goods declined by 0.2pc, while the import of consumer goods fell by 7.3pc during the same time period.
