KARACHI: The exports of the country may touch $27 billion mark during the current fiscal year, Abdul Razak Dawood, Adviser for Commerce, Textile, Industry & Production and Investment said on Saturday.
He said that the government is trying to achieve $27 billion export target for current fiscal year.
He said that the government was trying to bring foreign exchange by increasing exports.
The government is endeavoring to resolve twin deficit on priority basis.
Speaking at Edible Oil Conference, he said that the country was facing trade deficit and current account deficit. “The government is resolving these issues on priority basis,” he added.
He said that the government had evolved strategy to reduce imports and increase exports to arrest trade deficit.
The adviser said that the government is giving priority to improve foreign exchange reserves and improve the living standard of people.
He said that importance had been given to public-private partnership to improve economic condition.
Dawood said that China had shown intention to improve our exports with assistance of $1 billion.
He said that the country was importing edible oil worth $4 billion, which was second largest after petroleum products.