PM Adviser says Pakistan to achieve target of record exports this year

KARACHI: Pakistan will achieve its target of record exports this year, Prime Minister's Adviser on Commerce and Industries  Abdur Razzak Dawood said on Saturday.

Addressing a conference, he said despite unfavorable circumstances economy was moving on right track, with current account deficit still being a challenge. 

He said emergency measures were being taken to cope with the issue of current account deficit.

He claimed that economy  fared batter in 2018 as compared to December last year, adding that Pakistan would manage to take its exports to $27 billion dollars.

The Adviser conceded that he could not focus on edible oil but vowed to take the industry forward. He said the policy would benefit help farmers earn foreign exchange.

He also confirmed that American company Cargill has showed interest in investing millions of dollars in Pakistan.

Dawood said Pakistan's exports would be increased rapidly, adding that the country has acquired $1 billion rice and sugar export market in China.