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ISLAMABAD: The Export Advisory Council (EAC) on Friday held its inaugural meeting under the chairmanship of Caretaker Minister for Commerce, Dr Gohar Ejaz, charting the course for Pakistan’s $100 Billion Export Vision.

The council considered proposals to elevate domestic exports to $50 billion within the next five years, according to a news release here.

The minister expressed confidence that, with concerted efforts and strategic initiatives, Pakistan’s textile exports could reach $50 billion, contributing significantly to the country’s economic growth.

Commerce minister visits KCCI: ‘Govt finalising long-term plan to achieve $100bn export target in five years’

He stressed that a robust export strategy could potentially alleviate the burden of debt, positioning Pakistan competitively in the global market. Envisioned Pakistan’s gross domestic product (GDP) to rise to 1 trillion dollars which could increase average per capita income in Pakistan threefold, he added.

He emphasized that Pakistan needed export-driven growth to alleviate the balance of payments problem.

The minister also underscored the significance of the textile sector, acknowledging its largest share in the country’s exports. He emphasized that despite this, the sector operated below its full potential.

To address this, the council discussed plans to organize a Textile Expo, a dedicated platform aimed at boosting textile exports. Comprising prominent figures in the export sector, the council boasts members including Mussadiq Zulqarnain, Fawad Anwar, Shahid Surti, Mian Ahsan, Yaqub Ahmed, Aamir Fayyaz Sheikh, Shahid Abdullah, and Ahmed Kamal.

The collective wisdom and expertise of these industry leaders were harnessed during the meeting to address pressing challenges faced by Pakistan’s exports.

Comments

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Zaya Zaya Dec 09, 2023 09:06am
Watch these are just words you get fooled easily by weasel words of: not an strategic plan!!l ... could, would, with, charting, elevate, concerted, initiative, contributing, significantly, robust, alleviate, dedicated, boosting, prominent, collective wisdom, expertise, leaders, harnessed, pressing challenges charting the course for Pakistan’s $100 Billion Export Vision... proposals to elevate domestic exports... with concerted efforts and strategic initiatives... contributing significantly to the country’s economic growth... robust export strategy could potentially alleviate the burden of debt robust export strategy could... dedicated platform aimed at boosting... Comprising prominent figures... collective wisdom and expertise of these industry leaders were harnessed ...
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NXT Dec 09, 2023 10:13am
This “collective wisdom” has always been self-serving!
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Dilawez Shehnaz Dec 09, 2023 01:11pm
So to execute this vision how many years this caretaker needs? Do it mean no elections on 08 February? Can a country grow without constitution?
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MN Dec 09, 2023 02:53pm
the article is waste in it self, it should have focused on the progress rather than just fancy words of hope.
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Johnny Walker Dec 09, 2023 03:11pm
Export vision or plain stupid politicking?
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Muhammad Aslam Dec 09, 2023 03:42pm
Excellent vision but must think out of box solutions too
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Aam Aadmi Dec 09, 2023 04:24pm
When you cook 'khayali pilao', you can add as much 'masala' as you wish (just as this man is doing).
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Waheed ud din Dec 09, 2023 06:18pm
This is interesting initiative of care taker minister. After Feb 8, some other person will be on the driving seat, having new ideas and new incentives. For God sake make arrangement to reduce import of consumables by manufacturig locally.
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