LAHORE: S.M. Tanveer, FPCCI leader and Patron-in-Chief of the United Business Group (UBG), has lauded the recent strategic decisions by Prime Minister Shehbaz Sharif aimed at revitalising Pakistan’s export-oriented industries.
He has also appreciated Dr Gohar Ejaz, the businessman community leader, Atif Ikram, President FPCCI, Saquib Fayyaz Maggoon, Senior Vice President, all the Vice Presidents and leadership of the countrywide Chambers for raising their voices to convince the government on ease of doing business.
In a statement, Tanveer emphasized that these measures are critical to levelling the playing field for local manufacturers in the global market.
The FPCCI leader highlighted three “game-changing” interventions that address the primary bottlenecks of the industrial sector, including the reduction of export refinance rates to 4.5 percent, providing much-needed liquidity at a lower cost, the elimination of the cross-subsidy from the industrial sector to other consumer segments, effectively slashing electricity costs for industry by Rs. 4.04 per unit and the long-awaited reduction of wheeling charges to below Rs. 9 per unit, allowing factories to utilize solar and wind power through Distribution Companies (DISCOs) more affordably.
Tanveer expressed confidence that these reforms—specifically the rationalization of energy costs—will breathe new life into the textile sector, the backbone of Pakistan’s economy.
“Pakistan possesses the inherent potential to scale its exports of goods and services to USD100 billion by 2030,” Tanveer stated. “However, achieving this milestone requires consistent government ‘handholding’ and proactive policy-making to ensure our cost of doing business remains regionally competitive.”
He concluded by urging the government to maintain this momentum, noting that a competitive export sector is the only sustainable path toward stabilizing the national economy and reducing the trade deficit.
Copyright Business Recorder, 2026
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