LAHORE: The Chief Executive of the Trade Development Authority of Pakistan (TDAP) on Monday held a productive meeting with the President of the Lahore Chamber of Commerce and Industry (LCCI) to discuss enhanced collaboration aimed at bolstering Pakistan’s economy.
During the meeting, both leaders emphasized the importance of closer institutional ties to promote trade, facilitate business growth, and address challenges facing the export sector. They agreed to establish regular coordination mechanisms to support Pakistani businesses in accessing international markets and improving competitiveness.
According to the details the Chief Executive of TDAP, Faiz Ahmed Chadhar and the Director General Rafia Syed with their team spent more than two hours at LCCI and discussed various models and modalities to increase exports.
Senior Vice President LCCI Tanveer Ahmad Sheikh, Executive Committee Members Irfan Qureshi, Shouban Akhtar, Firdos Nisar, Waqas Aslam, and former Vice President Mian Zahid Javaid were also present.
CEO TDAP Faiz Ahmed Chadhar, said that government’s target is to prepare 500 companies in the next five years, each capable of exporting one billion dollars. He assured that TDAP, the government, and all institutions will continue working with the business community to increase Pakistan’s exports.
The TDAP CEO said that increasing exports requires joint efforts from the whole nation and all institutions. He said the government has removed the EDS tax, reduced energy prices, and introduced ease-of-doing-business measures.
Pakistan has avoided default and is now moving towards stability, but more reforms, value addition, and skill development are still needed.
Faiz said that due to shortage of cotton, the textile industry has to rely on imports, yet textile exports have crossed 18 billion dollars. He stated that Pakistani businessmen are hard working and enjoy a strong reputation globally. He added that the northern region of Pakistan accounts for more than 60 percent of the country’s exports, while Punjab has major industries like textiles, pharmaceuticals, and IT.
Copyright Business Recorder, 2025
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