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Message from Prime Minister, Islamic Republic of Pakistan

I am pleased to know that following its past tradition, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organising the 35th "Export Trophy Awards" 2010-11 to confer awards to the leading exporters of Pakistan in recognition of their excellent performance this year.

It is a matter of great pleasure for me to mention that the business community has surpassed all odds to achieve performance in exports this year of almost US $25 billion, outshining all our expectations by a fair margin. I congratulate them on this remarkable success. The crossing of this benchmark reflects the government's commitment to turn around national economy through broad-based reforms in the economic sector.

Being the premier body of trade in Pakistan, FPCCI is making vigorous efforts to promote our exports, and the Awards represent one facet of the commendable role played by FPCCI in promoting the trade and industry of the country. In the wake of the crises confronting our country, exports are the need of the hour. However, we need to keep in mind that the export of value-added items will fetch us more foreign exchange than the sales of traditional products. Presently, Pakistan's exports are dominated by textiles, while other items collectively contribute 40% which is unsatisfactory. Today, we need to explore new markets for both the traditional and non-traditional items. The government of Pakistan is making its best efforts to explore new markets. We are also reinventing the role of commercial counsellors. I will convene a conference of Pakistan's ambassadors to mull ways and means to increase the country's exports.

The export Trophy Awards are a commendable step in this direction, because they recognise the achievements of exporters who venture into new areas and set up high benchmarks of success. By taking a leaf from the book of successful exporters, new entrepreneurs are encouraged to take bold initiatives and win a seal of appreciation from the apex body.

I commend the endeavours of Senator Haji Ghulam Ali, the President of FPCCI and his entire team on holding the Awards ceremony this year, which has been declared as "Year of Exports" by the Government of Pakistan. I extend my congratulations to the Award winners and wish the business community all the success in serving the nation.

Copyright Business Recorder, 2011



 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln