We've gone from export­ing to import­ing raw cotton, says Dawood­The Prime Minister’s Advisor on Commerce, Textile, Industries and Investment Abdul Razzak Dawood says the country needs to pursue an import-substitution policy in addition to an export growth strategy to improve the country’s economic position. Dawood made the statement in Karachi while addressing the business community in a ceremony on Saturday. Now we’re importing raw cotton when there was a time we were exporting raw cotton,” said Dawood. He called the current account deficit a challenge that Pakistan’s business community would rise to meet. He appealed to the business community to end the common trend of import culture.

Source: The Express Tribune January 19, 2019 08:54 UTC