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ISLAMABAD: Prime Minister Shehbaz Sharif has directed the MoC to prepare an action plan to double domestic exports over the next five years.

While presiding over a high-level meeting on the development of the export sector on Tuesday, the prime minister was given a briefing with regard to recommendations to facilitate the export sector.

The meeting was presented proposals for the development of the export sector in Pakistan.

Pakistan’s textile exports up 5% year-on-year in October, clock in at $1.43bn

Shehbaz directed the Ministry of Commerce to prepare and submit a plan of action to double the country’s exports in the next five years in consultation with all the stakeholders and entrepreneurs.

The premier directed MoC to provide facilities to the exporters in the e-commerce sector, who make their products in Pakistan and export them all over the world. He also directed the Ministry of Commerce for an immediate resolution of problems of “Made in Pakistan Brand” exporters.

The premier stated that steps are being taken to take full advantage of the full potential of Pakistan’s export sector.

The stakeholders of the sector should be taken into confidence for the promotion of exports of information technology (IT), household products, textiles and unique sectors.

He directed that recommendations should be formulated and presented for encouragement and development of the industry that exports are part of global value chains.

The meeting was attended by federal ministers Jam Kamal Khan, Rana Tanveer Hussain, prominent exporters and entrepreneurs of the e-commerce sector including Utopia’s Chief Executive Officer Gibran Niaz, Zeeshan Shah, Salman Ahmed and relevant senior officials.

Copyright Business Recorder, 2024

Comments

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Arif Apr 03, 2024 09:04am
hahahaha …as if commerce department was that much competent . Why do people have irrational expectations from our inept bureaucrats?
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test Apr 03, 2024 04:51pm
First we need to start indigenous manufacturing 100% local manufacturing of vehicles computers smartphones passenger aircraft, weapons, machines, microchips, electronics, medical machines, engines 1/3
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test Apr 03, 2024 04:51pm
First we need to start indigenous manufacturing 100% local manufacturing of vehicles computers smartphones passenger aircraft, weapons, machines, microchips, electronics, medical machines, engines 1/3
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test Apr 03, 2024 04:53pm
Second we need to tap into the highly developed markets if no success move to developing markets if no success move towards oic and africa and tap a fair share of their market by exporting to them 2/3
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test Apr 03, 2024 05:05pm
Third we need to balance our trade deficit with those countries from which we import more than we export or relocate the supply chains from those countries to the ones with 50/50 fairly import/export.
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test Apr 03, 2024 05:08pm
"In order to sell something we need to have something to sell first". So first locally produce or manufacture something then sell it to the world. The point is we don't have anything to sell to world.
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Az_Iz Apr 03, 2024 10:19pm
Planning and setting targets. Every govt wants to be seen as doing something important.
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Zarzan khan Apr 04, 2024 07:33am
Unless genuinely elected government comes into poerr, exports will keep declining. Public has lost trust now and foreign investors have no confidence.
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Zarzan khan Apr 04, 2024 07:35am
@test, too much corruption, only clean non corrupt government can achieve that.
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Zarzan khan Apr 04, 2024 07:36am
Shebaz government motto is " LBDN" ( Look busy, Do nothing).
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Zarzan khan Apr 04, 2024 07:37am
For economic progress, nation needs IK back as PM.
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