Razak for increasing exports, decreasing imports

Advisor to Prime Minister for Commerce and Textile Abdul Razak Dawood has said that the government is making effective policies to increase export and decrease import for the economic stability of the country through offering lucrative incentives to industrialists and businessmen.

He was speaking at prize distribution ceremony at the concluding day of three-day 11th mega "Interiors Pakistan" international exhibition at Expo Center organized by Pakistan Furniture Council (PFC) here on Sunday.

He appreciated PFC for holding successful exhibition and said PFC deserved appreciation for promoting the culture of local brands to strengthen the national economy. He said the government is working on short and long term policies simultaneously to boost economy of the country.

The Advisor was of the opinion that due to business friendly policies of the government, Pakistan has climbed 28 points on the World Bank's ease of doing business index that has given an encouraging signal to the investors from abroad. He said Japan, Vietnam and South Korea as well as the other Pacific and South East Asian markets would also be connected as the government would negotiate with these countries for promotion of trade.

Abdul Razak Dawood said that workers of this industry have great skills and potential and if used properly, Pakistan could become the best exporter of furniture. He said that with development of furniture industry, it would be easy to meet local and international needs.

He also visited various stalls of the exhibition. He praised the workmanship, quality and design of the various items on display.

On this occasion, PFC Chief Executive expressed his gratitude for visiting exhibition as chief guest at the concluding ceremony. He also assured the advisor that the business community of the country would provide its full support to the government towards implementing its reform agenda and overcoming the current economic challenges.

He said that PFC is playing its due role efficiently for promoting of furniture brands not only inside the country but also abroad by displaying world class innovative designs suit to aesthetic sense of buyers. He said Pakistan has good potential to enhance furniture exports to USA and Europe by developing good brands and business community should focus on branding of products to promote business activities and improve exports.