Pakistan’s official wants continued support for exports

Pakistan's top commerce official is pushing the government to bet big on the export industry by maintaining tens of millions of dollars of policy support even as the South Asian nation looks to tighten its fiscal belt in a mid-year budget this month.

The country's all-important textile industry is at the centre of this export-led growth strategy, said Abdul Razak Dawood, advisor to Pakistan's prime minister, as the government targets ambitious growth of 4.8 per cent in the 2021-2022 financial year.

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Authorities have supported the export industry since coming to power in 2018 by securing competitive energy prices and offering cheap credit.

Dawood told Reuters he had spoken to the prime minister and finance minister about the need for continued support.