An Advisor to PM on Commerce, Industry, and Investment Abdul Razak Dawood claimed on Wednesday that Pakistan’s imports to China will be doubled in FY19.
While talking to media along with Federal Minister for Planning and Development Khusro Bakhtiar, Mr Dawood said that China has agreed to increase its imports from Pakistan from the current level of 1.2 billion dollars to 2.2 billion dollars by the end of 2018-2019.
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He further said that by the end of the next fiscal year, the exports from Pakistan to China will be increased to 3.2 billion dollars.
“Our government wanted China to give Pakistan market access and increased tariff lines with the same conditions that it had offered to Bangladesh and other member counties of Association of Southeast Asian Nations (Asean),” the Advisor to PM added.
“Keeping in mind the lengthy process of changing the priority list tariff lines between the two countries, Chinese Prime Minister Li Keqiang had assured the Pakistani side to increase its imports from Pakistan instantly,” he added.
Mr Dawood further clarified that the Pakistani media was misquoting Finance Minister that the exports of Pakistan would be doubled within the current year. “In fact, Asad Umar, the Minister for Finance had said that the exports of Pakistan to China would be increased to double by the end of the current year.”
The Federal Minister for Planning and Development, Khusro Bakhtiar said that in December, he would be visiting China to participate the annual Joint Coordination Committee on China-Pakistani Economic Corridor in China’s capital Beijing where more breakthrough is expected.