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Al Jazeera
Al Jazeera
Business
Asad Hashim

Pakistan faces ‘hard choices’ for export growth: Commerce chief

Textiles make up the majority of Pakistan's exports but the government wants to diversify to other sectors [File: Akhtar Soomro /Reuters]

ISLAMABAD, Pakistan – Pakistan’s government is targeting a trade deficit of $30bn in the current fiscal year, with new export-centric policies focused on reducing the country’s reliance on textiles and providing incentives to other sectors, the country’s top commerce official has said.

Textiles are the South Asian country’s major export, making up more than 60 percent of the country’s $25.3bn in exports last year, according to government data.

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