A group of leading industrial exporters of the country met Prime Minister Muhammad Nawaz Sharif at Karachi earlier today. The exporters lauded the economic turnaround achieved under the leadership of the Prime Minister and said historic Foreign Exchange Reserves coupled with improved security situation in the country has reinforced confidence of the exporters. The economic turnaround achieved due to the prudent and investor friendly policies of the present government is indeed commendable, the exporters said.
The exporters apprised the Prime Minister that they are rendering great efforts for rise in country’s exports in the wake of robust economic growth and support of the government. However, due to certain international factors, exports targets could not be achieved. The exporters highlighted certain proposals on the rationalization of cost of doing business during the meeting.
Prime Minister Muhammad Nawaz Sharif said that boosting the exports of the country is top priority of the government. Economic growth and exports are interlinked; we cannot afford to ignore our exports, the Prime Minister added. The Prime Minister said that government will give short, medium and long term relief to the exporters so that no segment is left behind in achieving our growth targets.
The exporters appreciated the decision of import of LNG by the government. The way present government gripped the energy crisis in the country is remarkable; we are endeavouring to reap more benefits due to zero load shedding for the industrial sector, the exporters said.
Prime Minister Muhammad Nawaz Sharif said that exports are future of our economy. Our vision is to spread dividends of economic turnaround among all the stakeholders in an equitable manner; increased economic activities and ease of doing business will result in reduction in unemployment and alleviation of poverty from the country, the Prime Minister said.
We have significantly improved railway infrastructure across the country; this improved infrastructure will provide added relief to the exporters in terms of reduction in freight charges, said the Prime Minister. The landmark CPEC will further complement the benefits of improved railway infrastructure, the Prime Minister added.
Under the CPEC, Special Economic Zones are being established that will be an ideal platform for facilitating the country’s exporters, the Prime Minister stated.
The Prime Minister directed Ministry of Commerce to make arrangements for duty free import of five million bales of cotton in the wake of low cotton exports of the country. The Prime Minister further directed that a proposal in this regard be immediately be presented before the Cabinet for approval. The Prime Minister also constituted a committee headed by Finance Minister Muhammad Ishaq Dar and leading exporters to work out final recommendations.
Governor Sindh Dr. Ishrat Ul Ebad, Chief Minister Sindh Murad Ali Shah, Finance Minister Muhammad Ishaq Dar, Chairman BOI Mfta Ismail and other senior government officials were also present during the meeting.
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