Minister for Commerce Makhdoom Amin Fahim on Friday informed the Senate that Pakistan had exported goods to the United Stated of America (USA) valuing US$ 67.758 during the last three years.
In a written statement during Question Hour, the Minister said that Pakistani exports to the US in year 2009-10 were US$ 19.290. However, the exports increased in the following year and Pakistan exported goods amounting to US$ 24.827 in year 2010-2011. He added that the country’s exports registered US$ 23.641 during year 2011-2012.
He said that the Government has taken steps for promotion of exports. He said that incentives have been given to boost exports such as concessionary financing, duty free import of raw material under temporary importation scheme/Duty, Tax Remission on Exports (DTRE), duty drawback scheme, concessions in duty/taxes on import of machinery and raw material of priority export sectors, development of export clusters.
“Through active trade diplomacy, Government is trying to get better market access for the local businesses in international markets by concluding Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) with different countries. Trade Development Authority of Pakistan (TDAP) is undertaking various export promotional activities through trade exhibitions and delegations in the new markets vis-?-vis China, Hong Kong, Russia, Malaysia, Africa region, America and Eastern Europe, etc.
Story first published: 21st December 2012