Tag: Razzak Dawood

  • PM Khan’s advisor Dawood hails launch of Facebook Marketplace in Pakistan

    PM Khan’s advisor Dawood hails launch of Facebook Marketplace in Pakistan

    Advisor to Prime Minister Imran Khan on Trade and Investment Abdul Razak Dawood has commended the launch of Facebook Marketplace in Pakistan.

    He said that the opportunity could prove to be a lifeline for small enterprises as well as women entrepreneurs during Covid-19.

    Dawood, in a series of tweets said, “I am happy to see that, after Amazon, Facebook has recently launched market place for Pakistan.” Dawood was of the view that the launch will encourage small enterprises and entrepreneurs in Pakistan to sell online.

    “Such opportunities during Covid-19 could be a lifeline for micro-enterprises,” said Dawood.

    Facebook Marketplace is a digital platform where users can arrange to buy, sell and trade items with other people in their area using their Facebook ID.

    Over the years, Pakistan has seen a rapid rise in the growth of ecommerce. Back in May, Amazon added Pakistan to its sellers’ list, which means that local Pakistani sellers can now list and use Amazon’s platform to sell globally, a massive boost to the country’s e-commerce landscape.

    Meanwhile, Dawood added that that the launch of the platform will also help women entrepreneurs and that it is a first step towards eCommerce.

  • Pakistan exports in November surpass $2bn mark

    Pakistan exports in November surpass $2bn mark

    Prime Minister’s aide on Commerce Razzak Dawood has said that Pakistan’s exports for month of November have passed the $2 billion mark amid a resurgence of economic activity after the coronavirus lockdown. 

    Dawood said exports increased 7.2 per cent year-on-year in November “in these difficult times with resurgence of COVID-19 cases in Pakistan and globally”. However, Pakistan has “once again crossed the $2bn mark per month”, Dawood wrote in a Twitter message.

    In October, Dawood had said that Pakistan’s exports had crossed $2bn mark despite the contraction in our major markets due to COVID-19 and the uncertainty created by recent resurgence of the pandemic.

    Last month, Bloomberg reported that Pakistan’s decision to loosen pandemic restrictions early helped the country’s exports emerge stronger than its South Asian peers.

    The newspaper had reported that outbound shipments had grown at a faster pace than Bangladesh and India as textiles, which account for half of the total export, led the recovery. The country had seen total shipments grow 7 per cent in September, compared with New Delhi’s 6pc and Dhaka’s 3.5pc.

    According to the report, Prime Minister Imran Khan’s administration was the first in the region to ease pandemic restrictions, allowing export units to reopen in April, a month after locking them down to stem the spread of COVID-19. This helped draw companies from the South Asian nation.