Exports of Engineering Products Post 21pc Increase in FY’18

Exports of engineering products in the last fiscal year 2017-18 have posted a healthy growth of 21 per cent as compared to the previous year of 2016-17.

During the period in question, engineering goods worth $190.633 million were exported as compared to the exports of $158.610 million in the same period last year, APP quoted a senior official of Commerce and Textile Ministry as telling it.

He said that during this period, auto parts and accessories worth $ 15.546 million were exported against the $12.55 million in the same period last year.


ALSO READ

China Int’l Import Expo An Opportunity for Pakistan to Increase Exports: Imran


The official said about electric fans valuing $23.826 million were exported as compared to the exports of fans worth $25.298 million in eleven months of the last fiscal year.

To another question, he said the government has decided to revive the Engineering Development Board (EDB) to concentrate on engineering products for increasing exports in this sector.

“We have planned to evolve a new road-map for the promotion of engineering industry,” he said adding that it is the top priority of the government to increase engineering exports including exports of auto parts, motorcycles, air conditioners and other products.

The government, he said, would give priority to the promotion of export-led growth and would reduce dependence on imports.


ALSO READ

Pakistan’s Fruit Exports Grew by 49% in the Last Quarter


“We have identified several sectors to boost country’s exports,” he said. “Primarily, we are focusing on increasing exports in engineering and Information Technology and innovated technology by enhancing their competitiveness in the global market. We would achieve exports target and additional exports for economic development and prosperity,” he said.

To a question, the adviser said the government is committed to enhancing exports and increasing manufacturing in engineering sector.

“We would focus on promoting “made in Pakistan” goods and discourage imports,” he remarked.