Friday, 21 February 2025, 10:02:33 pm


 
PM calls for effective strategy to enhance exports to $60b
February 20, 2025

Prime Minister Muhammad Shehbaz Sharif has directed devising a comprehensive and effective strategy to enhance exports to sixty billion dollars in next five years.

He issued these directions while chairing a high-level meeting to review measures aimed at increasing Pakistan's exports in Islamabad today.

During the meeting, the Prime Minister instructed the economic team to introduce sustainable tariff reforms to enhance economic growth, facilitate industrial growth and boost exports.

He underscored the importance of prioritizing key sectors such as services, information technology, and agriculture to drive export growth.

He reiterated that export-led economic progress is a crucial pillar of the "Uraan Pakistan" vision.

To support the development of export industries, the Prime Minister directed the implementation of necessary reforms in the governance system of the Export Development Fund.

The Prime Minister was briefed about the ongoing reforms within the Ministry of Commerce and the strategies in place to enhance exports to 60 billion dollars in next five years.

The officials informed the Prime Minister that gradual reductions in tariff have been implemented over the past two years. Additionally, the Ministry of Commerce hosts international-level exhibitions in Pakistan annually to promote exports.

The briefing highlighted that consultations with stakeholders on Strategic Trade Policy Framework 2025-30 are underway.

It was told that the e-commerce policy is in its final consultation phase and will be presented before the Cabinet for approval next month.  Furthermore, the National Compliance Center has been established to align Pakistani products with international standards. The center will develop programmes for training and to enhance the capabilities of Pakistan's export industries.