Pakistan exports to CARs increase by US $ 145 mln: Razak Dawood

ISLAMABAD, Jan 7 (APP): Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday said Pakistan exports to Central Asian Republics (CARs) countries increased to USD $ 145 million in 2020-21 from USD $ 104 million in 2019-20.

For six months, from July-December 2021, these exports were increased by 173 percent to USD$ 134 million from USD 49 million during same period last year, the advisor said in a series of tweets.

MOC’s Silk Route Reconnect initiative is bearing results. Our exports to Central Asian Republics (CARs) are showing an increasing trend. These increased by 🔼 39.42% from USD 104 million in 2019-20 to USD 145 million in 2020-21. Moreover, for the half year, Jul-Dec 2021 1/4

— Abdul Razak Dawood (@razak_dawood) January 7, 2022

The Ministry of Commerce’s ‘Silk Route Reconnect’ initiative is now bearing results, he added.

Razak Dawood said that the Pakistan-Uzbekistan Transit Trade Agreement was signed in 2021 at Tashkent and both the countries discussed to open banks in each other’s country.

“We are negotiating Preferential Trade Agreements (PTAs) with Afghanistan, Azerbaijan and Uzbekistan”, adding, transit trade agreements were also being negotiated.

🇵🇰Pakistan-🇺🇿Uzbekistan Transit Trade Agreement🤝 was signed in 2021 at Tashkent. We are negotiating Preferential Trade Agreements (PTAs) with 🇦🇫Afghanistan, 🇦🇿Azerbaijan and 🇺🇿Uzbekistan. Transit Trade Agreements are also being negotiated with 3/4

— Abdul Razak Dawood (@razak_dawood) January 7, 2022

The advisor for truck movement, their negotiations were on advance stage