ISLAMABAD: The Islamabad Chamber of Commerce and Industry Tuesday said that the new trade policy should focus on improving the competitiveness of export-oriented industries to improve products' quality and enhance country's exports.
ICCI President, Yassar Sakhi Butt, while commenting on the upcoming trade policy here said that energy shortage, high power tariffs and credit cost, insufficient support for technology up-gradation, lack of proper infrastructure, shortage of skilled manpower and law and order situation were the main challenges affecting industrial growth.
He said that forthcoming Trade Policy should address all these issues on priority basis to enhance the competitiveness of firms, which is key to effectively compete in today's world of intense competition.
He said despite having a potential demographic dividend, industries in Pakistan are facing shortage of skilled labor, adding skills up-gradation programs should be conducted through Chambers of Commerce and Industry to provide skilled manpower to industries.
ICCI President said government in coordination with chambers should conduct needs analysis surveys of industries to find out their emerging needs and to come up with remedial measures to address those needs.
He said that tariffs on the import of industrial raw material should also be reduced to facilitate the promotion of export oriented industries.
He suggested that Pakistan's commercial sections abroad should prepare market analysis reports to explore more trade and export opportunities for Pakistan.
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