‘Export is our main priority’, PM Khan assigns targets to Commerce Division
Economic growth is the main priority of the PM Imran Khan.
Prime Minister Imran Khan is not satisfied with the vapid export growth during the first half of the fiscal year. That’s why at Monday’s meeting, he assigned different targets to departments.
The PM further ordered that these targets should be checked every 6 months to keep a check on achievements.
Export is our main priority
Economic growth is the main priority of our current government. And the cabinet of Prime Minister Imran Khan is trying so hard to improve it with every passing day. But factually, it doesn’t happen in just one day. Examining is very important to reach to your goal, that is why PM Imran khan keeps check and balance of efforts.
The PM reviewed the premium given to exports and informed that the cash subsidy is extended until 2021. The export sector was facing a crisis due to an increase in power and gas tariffs and shielded through export refinance and a rise in the policy rate.
The export in the first six months of the current fiscal year improved by a meager 3.21 percent. However, the PM Imran Khan wants to see a big jump in exports to justify the above incentives.
The officials informed the PM that E-commerce and national trade policies are approved. Also, Trade Policy Framework 2020-2025 and import/export orders are almost going to be validated. Meanwhile, the Textile Policy 2020-25 is also being approved.
While talking on the tariff reforms, the secretary briefed that, custom duty from almost 635 goods are removed. And some significant efforts are made to ensure participation in over 150 trade fairs and exhibitions.
The meeting was to inform PM that the country has participated in 150 international trade fairs and exhibitions to promote Pakistani products during the last few months. And Pakistan also maintained good trade relations with China, Africa, Russia, and other countries as well.
Prime minister Imran Khan clarified to the commerce authority to take proper steps to enhance the country’s export.
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