Govt to pursue ‘Made in Pakistan’ policy for increasing exports: PM aide
ISLAMABAD: The Advisor to the Prime Minister, on Commerce and Investment Abdul Razak Dawood said the government to pursue the policy of ‘Made in Pakistan’ diligently and have rapid industrialization for substituting the imports and enhancing our exports.
This was remarked by Advisor to the Prime Minister, Abdul Razak Dawood, in a meeting with a delegation of Chambers of Commerce and Industry at Ministry of Commerce, said a press release issued by Ministry of Commerce here. The meeting was attended by the representatives of Islamabad, Rawalpindi, Lahore, Gujranwala, Faisalabad, Gujrat, Multan and Mirpur chambers.
While informing the delegation about the steps undertaken by the Ministry of Commerce in the current budget, Razak Dawood said that tariffs need to be rationalized in order to achieve the objectives of ‘Made in Pakistan’.
He added that primarily due to Covid 19 situation and to address its impact on economy, some of the sectors have not been considered for the tariff rationalization, while some important sectors have been given benefits.
He reiterated that the anomalies arising out of the budget have been addressed to a large extent while others will be resolved in consultation with the stakeholders.
Talking about the future plans, the Advisor told the delegation that the Government is following a three year plan, gradually removing duties and tariffs, particularly on raw materials for the industry.
He added that the Government will put a special focus on engineering sector to boost the exports, including power sector equipment, auto industry (auto parts, two wheelers, three wheelers and tractors), home appliances, mobile phones, sanitary ceramics ware, utensils & cutlery and pumps and motors.
Razak Dawood assured that the Government has taken important policy decisions in this regard and the engineering sector exports would considerably improve in the Fiscal Year 2020-21.
Discussing different opportunities for production of value-added products and their export, the Advisor underlined the importance of investing in certifications and laboratories, particularly for exploiting the potential in food processing sector.
The Advisor also informed that the Ministry is resolving issues of the exporters on priority particularly for the export of Personal Protective Equipment (PPE).
He reaffirmed that the Ministry is cognizant of the problems which are being discussed at the appropriate forums with the relevant stakeholders for early resolution. - APP