AGL 22.90 Decreased By ▼ -1.83 (-7.4%)
AIRLINK 103.99 Decreased By ▼ -7.11 (-6.4%)
BOP 5.36 Decreased By ▼ -0.18 (-3.25%)
CNERGY 3.86 Decreased By ▼ -0.04 (-1.03%)
DCL 8.02 Decreased By ▼ -0.43 (-5.09%)
DFML 39.10 Decreased By ▼ -3.15 (-7.46%)
DGKC 86.95 Decreased By ▼ -2.65 (-2.96%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 40.59 Decreased By ▼ -1.39 (-3.31%)
FFL 8.89 Decreased By ▼ -0.15 (-1.66%)
HUBC 153.50 Decreased By ▼ -8.70 (-5.36%)
HUMNL 10.65 Decreased By ▼ -0.70 (-6.17%)
KEL 4.55 Decreased By ▼ -0.23 (-4.81%)
KOSM 3.90 Decreased By ▼ -0.16 (-3.94%)
MLCF 37.50 Decreased By ▼ -1.45 (-3.72%)
NBP 49.00 Decreased By ▼ -1.60 (-3.16%)
OGDC 134.15 Decreased By ▼ -2.96 (-2.16%)
PAEL 26.15 Decreased By ▼ -2.40 (-8.41%)
PIBTL 6.07 Decreased By ▼ -0.18 (-2.88%)
PPL 116.79 Decreased By ▼ -6.01 (-4.89%)
PRL 23.55 Decreased By ▼ -0.75 (-3.09%)
PTC 12.90 Decreased By ▼ -0.84 (-6.11%)
SEARL 57.25 Decreased By ▼ -2.80 (-4.66%)
TELE 7.45 Decreased By ▼ -0.31 (-3.99%)
TOMCL 35.74 Decreased By ▼ -3.66 (-9.29%)
TPLP 8.50 Decreased By ▼ -0.26 (-2.97%)
TREET 15.68 Decreased By ▼ -0.52 (-3.21%)
TRG 56.40 Decreased By ▼ -3.60 (-6%)
UNITY 33.40 Decreased By ▼ -1.00 (-2.91%)
WTL 1.18 Decreased By ▼ -0.04 (-3.28%)
BR100 8,433 Decreased By -274.3 (-3.15%)
BR30 26,639 Decreased By -1159 (-4.17%)
KSE100 80,118 Decreased By -1722 (-2.1%)
KSE30 25,681 Decreased By -584.1 (-2.22%)

ISLAMABAD: Minister of Commerce, Industries and Production, Gohar Ejaz, chaired a meeting with prominent retailers from across Pakistan to discuss strategies aimed at enhancing the retail market conditions and improving the nation’s exports. The collaborative effort between the government and retailers reflects a shared commitment to achieve economic growth and prosperity.

During the meeting, the retailers expressed their strong desire to contribute to Pakistan’s export industry. They emphasised the role they can play in expanding the nation’s reach in global markets.

Minister Dr Gohar Ejaz affirmed the government’s dedication to curbing smuggling activities and ensuring that trade operates through legitimate channels. He stated, “We believe in you, and we appreciate the vital role you play in the economy. Our government is committed to providing the best opportunities for retailers to export their goods and expand their domestic market presence.”

After UAE restriction, TOMCL says will continue meat exports to UAE via sea

In a bid to facilitate international market access, the Minister pledged to provide retailers with opportunities to reach Central Asian Republics (CARs) and other global markets. He outlined plans to host exhibitions that would enable local retailers to collaborate with international designers and brands, fostering innovation and growth within the sector.

Recognising the importance of E-commerce, the retailers advocated for increased government support in this growing industry.

The Minister acknowledged the potential of e-commerce and pledged to work closely with retailers to harness its future prospects effectively.

The meeting also witnessed a constructive exchange of ideas on expanding the tax net. Minister Dr Gohar Ejaz emphasised the critical role of tax compliance in achieving prosperity, stating, “There’s only one way to prosperity, and that is through tax compliance.”

Furthermore, the Minister encouraged local manufacturers to transition towards achieving one hundred percent local manufacturing, reducing dependence on imported materials, and boosting domestic production.

The Minister urged retailers to strive for higher export volumes, assuring them of the government’s unwavering support in this endeavour. Additionally, he directed brand manufacturers to improve labour conditions and provide training through PITAC (Pakistan Industrial Technical Assistance Centre).

Copyright Business Recorder, 2023


Comments are closed.

zaya zaya Sep 22, 2023 07:07am
"Recognising the importance of E-commerce, the retailers advocated for increased government support in this growing industry." NO, NO and more No....; it is the job of Retailers to develop their own E-Commerce facilities to improve their Export Oriented activities, instead of Begging Govt Support. Govt must not be a brrier in this effort is all what the govt must ensure. Retailers must not become SOE and State supported Enterprises. Let the Private Industry learn to stand on its own or Die if not competent to be competitive in the Global market, in competencies of the Private Industry and Retailers included has no place for govt assistance.
thumb_up Recommended (0)
asif Sep 22, 2023 02:48pm
@zaya zaya, agreed
thumb_up Recommended (0)
asif Sep 22, 2023 02:48pm
thumb_up Recommended (0)