Razak hails ‘Make-in-Pakistan’ policy as imports rise over $2bn

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.

Article continues after this advertisement

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.

- Advertisement -
- Advertisement -

Must Read

Increasing FDI top priority: PM

Prime Minister Shehbaz Sharif has said that increasing foreign direct investment (FDI) in the country is one of the top most priorities of the...