Current trade volume stands at $4.28 billion in a year: Adviser to PM
\nDNA
\nISLAMABAD
\nAdviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Thursday stated that Pakistan and African countries could take benefit of Belt and Road Initiative (BRI).
\nAbdul Razak Dawood, while addressing Envoys\u2019 Conference entitled \u2018Engage Africa\u2019 in Islamabad, said that Pakistan could export rice, engineering, foods, electronic equipment, pharmaceutical products, sports items, surgical instruments and cutlery to African states.
\nHe detailed that the effective policies envisage by the federal government will double trade volume between Pakistan and Africa within the next six years. Abdul Razak Dawood added that the current trade volume stands at $4.28 billion in a year.
\nThe adviser announced that the next Africa conference will be held in Nairobi, the capital of Kenya, between January 30-31 next year. He said that the upcoming conference would be first of its kind under the Africa policy which will gather stakeholders and promote trade.
\nAlgeria, Egypt, Ethiopia, Senegal, Sudan and Tanzania will also witness enhancement of trade activities through the conference, he added.
\nForeign Minister Shah Mehmood Qureshi said that Pakistan has political ties with African countries and also increasing its military cooperation with the states
\nShah Mehmood Qureshi made the statement while addressing the inauguration ceremony of a two-day conference for envoys from the African countries in Islamabad today.
\nThe foreign minister said that Africa will be proved as South Asia in future in term of development. Pakistan and the region are facing different challenges including security. He added that Gross Domestic Product (GDP) of Africa is currently standing at more than $2 trillion and the growth rate of the states are consistently rising.
\nQureshi said, \u201cPakistan has political ties with African countries and its security officials playing a key role in peace establishment in the continent. Pakistan is increasing its military cooperation with the states, whereas, more than 700 diplomatic officials are being trained in Islamabad.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Current trade volume stands at $4.28 billion in a year: Adviser to PM DNA ISLAMABAD Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood on Thursday stated that Pakistan and African countries could take benefit of Belt and Road Initiative (BRI). Abdul Razak Dawood, while addressing Envoys\u2019 Conference entitled \u2018Engage Africa\u2019 in Islamabad, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-94855","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n