A 20-member delegation from Pakistan is going to China to increase exports and reduce the trade deficit. Dr Gohar Ejaz, Federal Minister for Commerce & Industries, shared this news on social media. Pakistan has a large trade volume with China but the export amount is much lower than imports. The goal is to increase exports from $30 billion to $100 billion, and China is seen as having the largest potential. The delegation will explore new markets in China. Pakistan has the capacity and potential for this. The visit to China is the start of Pakistan’s journey towards export-led growth. Meetings with Industry Advisory Council and Export Advisory Council led to the decision to focus on China for export growth. The Chinese Ambassador and Pakistan Ambassador, as well as China’s Ministry of Commerce, have facilitated trade with China. The Export Advisory Council also discussed plans to increase domestic exports to $50 billion in the next five years.
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