Don’t worry about GSP-Plus status, says Dawood

LAHORE: Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Saturday that no one should be worried about Generalized Preferential System Plus (GSP-Plus) status by the European Union (EU) as Pakistan had got two years’ extension in this status.

He was talking to the media after inaugurating Pakistan Footwear Designers Hub (PFDH), a joint initiative of Punjab Industries and Commerce Department, Pakistan Footwear Manufacturers Association (PFMA) and UNIDO (United Nations Industrial Development Organization) here at Gulberg-III area.

The advisor mentioned that a few days back, he had had a meeting with the prime minister and ‘we are trying to get another two years of GSP-Plus.’

To a question, the PM’s advisor said that economic growth hinged on the right and well-conceived trade and investment policies but, unfortunately, in the past, Pakistan’s economic culture was import-centric. “Even though Vietnam and Bangladesh shoes exports surpassed Pakistan’s. Let me give you an example of mobile phones, which have a few years ago been totally imported from other countries but first time in Pakistan’s history, we are now manufacturing and exporting mobile phones and last month, some 5,000 to 10,000 mobile phones exported from Pakistan and it could become possible only because of prudent and viable economic policies of the present government. – APP