High export targets achieved
The Trade Development Authority of Pakistan (TDAP) has expressed hope that Pakistan’s exports will increase to $25 billion compared to the target of $20 billion by the end of the current financial year in July.
According to Tariq Iqbal, Chief Executive TDAP, the export target for the current fiscal year was raised to $24 billion in view of record-breaking exports. As a result, exports rose by 33 percent to $2.31 billion in May, compared to $1.74 billion in the same period last year. Both the value of exports and the quantity of export products have increased phenomenally in the July-April period of 2010-11 compared to the corresponding period in the previous fiscal year.
For instance, exports for wheat increased by 30.8 percent, pulses by 8.1 percent, meat by 66 percent, tobacco by 40 percent, synthetic textiles by 38 percent, knitwear by 31 percent, electric fans by 25 percent, vegetable by 24 percent, fish by 23 percent, plastic material by 22 percent and leather by 20 percent.
According to Iqbal, TDAP aims to further widen the export base by planning export promotion activities around the globe with special focus on China and Japan. TDAP has also declared China as the main country for its trade initiatives in 2011-12 and plans on participating in over 20 trade fairs to commemorate 60 years of diplomatic relations between Pakistan and China
Chief Executive Trade Development Authority of Pakistan (centre) Tariq Puri holding a Press Conference in Lahore accompanied by (L-R) Mrs. Yasmeen Kuraishi, Director TDAP Lahore, Ch. Muhammad Ali,
Director General, Sub Regional Offices TDAP and Mr. Muhammad Irfan Tarar, Director General, TDAP Lahore.