PM reviews measures taken by Govt to enhance Pakistan’s exports
Prime Minister Muhammad Nawaz Sharif chaired a meeting in Islamabad on Thursday afternoon to review measures taken by the Government to enhance exports of Pakistan.
Prime Minister said that the present government due to its rational approach and sound policies has achieved great success in economic growth which has been acknowledged by international monetary institutions.
He said our stock markets have shown phenomenal bullish trends, inflation rate has decreased and investors are now keen to invest in Pakistan.
The Prime Minister was informed that major issues identified regarding exports include competitive international suppliers who are also competing with Pakistani goods, comparative incentives on exports where other economies are providing higher incentives and Taxation regime.
He was also informed regarding facilitative measures provided by the Government for support for plant and machinery for Agro processing, Technology Upgradation Fund, Brand and Certification Development, incentives on Product Development and related Taxes and Levies.
Prime Minister said that in order to develop the export sector, key enablers including quality infrastructure, labour productivity, access to utilities and technological development needs to be focused upon. He said convergence of local and international standards, protection of intellectual property, and effective and efficient disputes resolution mechanism are also essential to boost exports.
The Prime Minister directed Finance Division, Commerce Division, Federal Board of Revenue and Board of Investment to come up with sound proposals for improving the situation.
The Prime Minister also directed that these proposals be presented in the next meeting in presence of business representatives so as to ensure input from the business community.