Razak Dawood Briefs Media On Commercial Activities

Advisor to Prime Minister for Commerce Abdul Razzak Dawood says the decisions regarding the economy have started yielding positive results.

Addressing a News Conference in Islamabad he said the ban on the import of Furnace Oil and non-essential food items also benefitted the Economy.

Razzak Dawood said the exports have registered an increase of 4 percent in last seven months in Dollars.

This translates into 30 percent increase in terms of Pakistan Rupee.

He said the result of currency devaluation will be visible on exports trajectory in the coming five months. The advisor expressed confidence that exports will increase and imports further decrease this year.

He said cements exports have registered an increase of 50 percent, mainly to Sri Lanka and Bangladesh.

Speaking on the occasion, Secretary Commerce Younus Dagha said improvements have also been noted in balance of trade in the month of January.

He said need of furnace oil has reduced due to increasing use of renewable Technologies in the energy mix.