ISLAMABAD: Prime Minister Shehbaz Sharif has set an ambitious goal to boost Pakistan’s annual exports to $60 billion within three years and directs the Ministry of Commerce and relevant agencies to implement practical measures to achieve this target.
According to the report, While chairing the National Export Development Board meeting in Islamabad, the premier remarked, “Alhamdulillah, our exports exceeded $30 billion last fiscal year, and IT exports surpassed $3.2 billion, which is a positive sign thanks to government policies.”
During the meeting, Shehbaz directed that the issues highlighted by exporters should be resolved within the next two weeks, with a report to be submitted. He emphasized, “I will personally chair the National Export Development Board meetings every month and a half.”
We must all strive diligently for Pakistan’s progress. Despite challenging circumstances, I salute the business personalities and investors who have contributed to increasing Pakistan’s exports.”
The Prime Minister further directed the Ministry of Commerce to finalize policy proposals in collaboration with representatives from export-capable sectors.
He also told the Ministry of National Food Security to work with provinces to improve farming support, provide high-quality seeds, and process agricultural products better for export.
PM Shehbaz further stressed the importance of introducing high-yielding varieties of agricultural products and addressing shipping issues to reduce delivery times to Europe and the US.
The Prime Minister also urged the Ministry of Commerce and the Board of Investment to ensure cooperation for the relocation of Chinese export industries to Pakistan.
Shehbaz Sharif also urged the Ministry of Commerce and the Board of Investment to facilitate the relocation of Chinese export industries to Pakistan.
To increase exports, the premier said, “We need to focus on research, new ideas, and building strong brands to make Pakistani products stand out.”
Any delay in exporters’ refunds by the FBR will not be tolerated. Trade officers in Pakistani embassies worldwide should facilitate exports and guide Pakistani exporters.”
He asked the Ministry of Power to come up with a clear plan to lower electricity costs for businesses. He also pointed out that private companies are very important for a country’s growth and should be involved in making policies to solve their problems.
Export industry representatives praised Shehbaz for consistently meeting to address their issues, acknowledging his special interest in the export sector as encouraging and appreciating his initiative to ensure timely refunds from the FBR.
