Thursday, 25 April 2024, 08:53:54 am

It is a positive development that Pakistan's exports to China have crossed 1.039 billion dollars mark

Aisha Ghaus Pasha (Minister of State for Finance and Revenue): It is a positive development that Pakistan's exports to China have crossed 1.039 billion dollars mark in the first quarter. The country at this point of time needs foreign reserves and we have to diversify our trade with other countries. We have to explore new markets apart from our usual trading partners. There is still a huge potential to increase our commerce with China and intention of the incumbent government is to maximize the trade volume. Pakistan is also keen to have foreign investment in the second phase of China Pakistan Economic Corridor. Priority of the present government is to develop industries and it is keen to take certain initiatives to expand the product portfolio for exports. In the upcoming budget, the government will introduce certain policies in this regard. The focus will not only be on sustaining growth momentum but to increase it at the maximum level. The entire country will benefit as a result of foreign direct investment which is dependent on the economic and political stability.