PHOTO: FILEPakistan’s export diversification has improved significantly over the last three years, which is the only way to jack up exports, remarked Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Saturday, Dawood revealed that Pakistan’s exports of traditional items to non-traditional markets had increased by 60% during the last three years. Moreover, “exports of non-traditional items to unconventional markets have gone up by 77% during the same period.” The government was about to announce the Duty Drawback of Local Taxes and Levies (DLTL) policy in which extra incentives would be given on exports of non-traditional products, Dawood highlighted. The adviser pointed out that the government was targeting Central Asia for boosting exports. Dawood revealed that the government was implementing the Look Africa Policy and an official delegation would visit Nigeria next month.

Source: The Express Tribune October 31, 2021 09:55 UTC