PM Imran Khan calls for immediate steps to check import, export gap
ISLAMABAD: Prime Minister Imran Khan on Friday said that with all economic indicators moving towards a positive trajectory, there was a need to take immediate measures to check the existing gap between imports and exports.
He directed the Commerce Division to present within the next two weeks Strategic Exports Framework for approval and set targets for the trade and investment officers posted abroad.
Presiding over a meeting held to review the various measures taken by the government for enhancing the volume of the country’s exports, the premier said that with facilitation and ease of doing business for exporters, the government’s priority in terms of enhancing exports was diversification of products and markets.
As the Pakistani business community had a lot of potential, the provision of a business-friendly environment and policies was the government’s foremost priority.
The prime minister said he is following the philosophy of formulating policies in consultation with the business community and this system of strong public-private partnership will continue, adding that since the government was committed to provide all possible facilitation to the business community, it also expected them to benefit from this opportunity and fully support the government in its efforts to strengthen economy.
The meeting was informed that with the focus on 19 products, including in the areas of information technology, textiles, medicines, poultry, rice, vegetables, dry fruits, and leather, salt, marble, ceramics and surgical instruments, the country’s current volume of exports could be increased by $30 billion.
The Commerce Division representative said consultation with all the stakeholders, including industrialists, exporters and relevant government institutions was in progress.
National Security Adviser Dr Moeed Yusuf, Special Assistant to the Prime Minister Dr Shehbaz Gill, secretaries of the commerce and energy divisions and senior officials were present on the occasion.
Leather Manufacturers' Exports surge by 8.21%
The Leather Manufacturers' exports in the initial two months of the fiscal...
Russia can start implementing economic projects in Afghanistan
As per Afghan Deputy Minister of Culture and Information Zabihullah Mujahid, Russia...
Equity market stays bearish as investors remain jittery
KARACHI: Pakistan equity market continued its downward trend on Friday, as investors...
Pakistan Single Window to reduce port cost substantially: official
ISLAMABAD: The Pakistan Single Window (PSW) is a facility that allows parties...
The price of 24 karats per tola gold decrease by Rs200 per tola
As per the report of Karachi Sarafa and Jewellers Group, the price...