Advisor to Prime Minister on Commerce, Abdul Razak Dawood has predicted that the country’s Gross Domestic Product (GDP) is expected to contract by 0.5% due to the ongoing situation of COVID-19.
It is expected that due to the import export restrictions and closure of business the export target of $25 billion would not be achieved and is expected to come down to $22 billion.
He also vowed for opening the industrial sector in coming months to provide opportunity to local exporters to get more benefits in current scenario and major shift in international trade market.
He urged exporters to get orders freely from all countries including textile industry to tap the new opportunities in the world market.
