PM Shehbaz gives directives on how to achieve the export goal.
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To reach the stated goal, the prime minister instructed the ministry of commerce and other pertinent agencies to take all necessary steps.
He stated that the nation’s exports in the preceding fiscal year exceeded $30 billion, and that the initiatives of the government also resulted in IT exports exceeding $3.2 billion.
In a two-week report, PM Shehbaz requested that the ministry address the concerns raised by the exporters. Every 1.5 months, the National Export Development Board meeting would be personally chaired by him, he declared.
While praising the business sector and investors for their part in driving up exports in the face of difficult circumstances, he called for coordinated efforts to further the nation’s development.
Finalizing the policy suggestions in consultation with representatives of the possible export sectors is what Prime Minister Shehbaz asked the Commerce Ministry to do. Along with improving extension services in cooperation with the provinces, he also assigned the Ministry of National Food Security the mission of boosting agricultural exports.
High-yield crop types were to be introduced, and he directed that high-quality seeds and agricultural goods be exported after additional processing.
According to him, resolving the export shipping issues right now will shorten the time it takes for Pakistani goods to reach Europe and America. In a similar vein, working together to transfer Chinese export businesses to Pakistan is something that the Ministry of Commerce and the Board of Investment should guarantee.
Increasing the export of Pakistani goods will require innovation, R&D, and brand building, he added.
Along with highlighting the role of trade officers at Pakistan’s overseas embassies in promoting Pakistani exports and assisting exporters, the prime minister cautioned against any delay on the part of the Federal Board of Revenue in refunding refunds to exporters.
The prime minister instructed the power ministry to submit a thorough plan for supplying the industries with inexpensive electricity.
He advocated for the private sector to be included in the policymaking process, highlighting its critical role in national development.
The export industry representatives praised the prime minister for meeting with them frequently to discuss issues and described his strong interest in the industry as “very encouraging.”
They also valued the PM’s initiative in guaranteeing the export industry’s prompt reimbursements from the FBR.
An update on the actions taken to support the export industry was given to the meeting. According to reports, the nation’s exports surpassed $30 billion this year, and at the conference, a five-year plan to increase exports was also given.
Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Ministers Jam Kamal Khan, Ahad Khan Cheema, Qaiser Ahmed Sheikh, Abdul Aleem Khan, Ahsan Iqbal, Rana Tanveer Hussain, Muhammad Aurangzeb, Sardar Awais Leghari, and Dr. Musaddiq Malik, State Ministers Ali Pervaiz Malik and Shaza Fatima Khwaja, Deputy Chairman of the Planning Commission Jahanzaib Khan, Governor of the State Bank, PM’s Coordinator Rana Ehsan Afzal, pertinent FBR officers, and representatives from the textile, IT, leather, agriculture, and other sectors were present in the meeting.