Home breadcru News breadcru Import/Exports breadcru Pak exports to Africa rise by 10% in last 10 months

Pak exports to Africa rise by 10% in last 10 months

28 Apr '20
1 min read
Pic: Shutterstock
Pic: Shutterstock

Pakistan’s exports to Africa rose by 10 per cent during July 1, 2019, to April 21 this year compared to the same period during the last fiscal, according to Abdul Razak Dawood, advisor to the prime minister on commerce and investment, who said clothing exports have risen from $40 million to $50 million and those of bed linen from $30 million to $36 million.

Announcing that refunds of the drawback of local taxes and levies (DLTL) worth Rs 828 million for the non-textile sector had been transferred to the State Bank of Pakistan (SBP), Dawood urged the domestic textiles industry to take full advantage of new opportunities in the Western markets.

In a Twitter post, he commended his team at the ministry of commerce for the ‘Look Africa Policy Initiative’.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!