Silk Route Reconnect raises Pakistan's exports to Central Asia: Dawood

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Friday announced that their Silk Route Reconnect initiative is bearing results as exports to Central Asian countries increased by over 39 percent, ARY NEWS reported.      

Sharing the increasing trend in a series of messages from his Twitter handle, Razak Dawood said that exports to Central Asian Republics increased by 39.42 percent from USD104 million in 2019-20 to USD145 million in 2020-21.

“For the half-year, Jul-Dec 2021, these exports increased by 173 percent to USD 134 million from USD 49 million in the same period of the previous year,” he said.

these exports increased by 🔼 173% to USD 134 million from USD 49 million in same period of previous year. Trade & Investment 📉📊 Conferences were held in the 🇺🇿Uzbekistan & 🇹🇯Tajikistan in 2021 where opening of banks in each other’s countries was discussed with prominent 2/4

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

He said that trade and Investment conferences were held in Uzbekistan and Tajikistan in 2021 where the opening of banks in each other countries was discussed.

“Pakistan, Uzbekistan Transit Trade Agreement was signed in 2021 at Tashkent while we are negotiating Preferential Trade Agreements (PTAs) with Afghanistan, Azerbaijan and Uzbekistan,” he said.

Read More: PAKISTAN’S EXPORTS RISE BY 25% IN FIRST HALF OF FY2022

Razak Dawood further shared that the Transit Trade Agreements are also being negotiated with Azerbaijan, Kazakhstan, Afghanistan, and Tajikistan. “For truck movement, we are now at an advanced stage.”

🇦🇿Azerbaijan, 🇰🇿Kazakhstan, 🇦🇫Afghanistan, and🇹🇯 Tajikistan.

For 🚚 truck movement, we are now at an advanced stag. 4/4@aliya_hamza @mincompk #Trade #Commerce #Exports #Regionalconnectivity #CentralAsia

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