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Abdul Razak Dawood

Economy on right track despite difficult conditions: Dawood

KARACHI: The prime minister's adviser on Commerce, Abdul Razak Dawood, on Saturday said the economy is on the right track despite difficult conditions, ARY News reported. Addressing a conference in Karachi, Dawood said imports of the country should be decreased to improve the economy. “Pakistan will achieve its all-time high exports target soon." He relayed that the government was utilizing all resources to create investment opportunities and streamline the national economy. On the other hand, on Jan 17, the State…

PML-N MPA submits resolution against Mohmand Dam contract

LAHORE: Pakistan Muslim League – Nawaz (PML-N) lawmaker Hina Pervaiz Butt on Friday submitted a resolution against the Mohmand Dam contract in the Punjab Assembly secretariat. Awarding the Rs309 billion contract to a firm owned by Prime Minister Imran Khan’s Adviser on Commerce Abdul Razak Dawood depicted nepotism and violated merit, stated the resolution. “Proposals of other firms were turned down to award the contract to a specific company. Was it not necessary to conduct the bidding process again after…

“Japanese firms to invest in Pakistan’s steel, baby formula milk industries”

ISLAMABAD: Adviser to Prime Minister on Commerce, Textile and Industries Abdul Razak Dawood said that officials from major Japanese firms are scheduled to visit Pakistan next month for making investments in country's steel and baby formula milk industries. Speaking at a press conference, Dawood informed that last month Japanese companies assured to invest in Pakistan during the bilateral trade talks in Japan. He said a delegation of Japanese companies, manufacturing steel and baby formula milk, will be visiting…

Govt to work out tax reforms in November, says Dawood

LAHORE: Prime Minister's Adviser for Commerce Abdul Razak Dawood has said that the government will begin its work on tax reforms in this November, ARY News reported on Saturday. The trade bodies and business groups have repeatedly demanded of the new PTI government to introduce business-friendly tax reforms. Addressing the business community at Lahore Chamber of Commerce and Industry, federal adviser said that " We have to promote the export culture instead of the existing import trend." Dawood further said that…

PM’s Adviser contradicts Financial Times’ report over CPEC review, issues clarification

ISLAMABAD: Prime Minister's Adviser on Commerce and Industry Abdul Razzak Dawood on Monday contradicted a report published in international economic magazine Financial Times regarding the China Pakistan Economic Corridor (CPEC), ARY News reported. Speaking exclusively to ARY News, the PM's adviser maintained that there are some misconceptions regarding his interview with Financial Times and will soon issue a clarification. Later, the Ministry of Commerce and Textile issued a clarification saying Pakistan rejects…