Adviser to the Prime Minister (PM) for Commerce and Investment Abdul Razak Dawood on Saturday asserted that the current account deficit (CAD) has been a major challenge for the government, and effective measures have been taken to fix it on an urgent basis.
Reportedly, he addressed a conference in Karachi where he stated that the business community and the government could work together to overcome challenges.
Regarding exports, he said that the government has been working on a strategy to enhance exports.
“Exports are expected to increase up to $27 billion for this year,” he said, adding that December 2018 showed better results as compare to December 2017.
Concerning the food and agriculture group Cargill, which has shown a keen interest in investing about $200 million in Pakistan, Dawood claimed that the group has sought to invest in seed oil business.
He vowed to formulate better policies for development and progress of the oil industry.
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