AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

ISLAMABAD: The Ministry of Commerce has not utilised Pakistan Horticulture Development Export Company (PHDEC) for the enhancement of horticulture exports as till date country has no export strategy for horticulture and Pakistan share in international market remained meager.

This was stated by FPCCI former Chief on Horticulture Exports, Ahmad Jawad in a statement. He said PHDEC initially worked well but later it virtually becomes dormant as it failed to introduce concrete measures for the promotion of horticulture exports. Even from the last five years company runs through acting CEO.

He said global trade and demand for horticulture commodities has increased over time. It has quadrupled, from USD 51 billion in 2001 to USD 200 billion in 2018 and in contrast Pakistan has been unable to capitalize from the growth in global demand due to a lack of focus and inadequate investment in requisite infrastructure such as cold chain, packing houses, proper logistics, and processing units and till date Pakistan horticulture exports not more than $700 million which is unfortunate.

Jawad said mostly officials of the commerce ministry believed that after the 18th amendment, horticulture sector is under the mandate of the provinces and the federal government has nothing do with it, but they ignore the aspect regarding exports of horticulture sector as it is the solely responsibility of the commerce ministry to look after the affairs and problems of this sector. “It was unfortunate that the horticulture export policy was not formulated by the ministry despite our repeated requests from the FPCCI forum” he added.

The company’s licence, which was cancelled by the SECP in 2015 due to non-compliance, has been restored; the external audit of accounts for the last many years has been conducted, the Memorandum of Association of the Company has been updated, the human resource has been right-sized, a stock taking of company’s projects has been completed, the Human Resource policies and procedures have been developed and the office of the company has been shifted from a residential building in Lahore to a corporate environment in Islamabad, but yet to see the vibrant and industry oriented outcome from this organization.

Copyright Business Recorder, 2021

Comments

Comments are closed.