Karachi, September 01, 2015 (PPI-OT): The growth in exports should be correlated with the growth in industrial activities and investment, as it is notable that handsome growth targets have been achieved in those countries where industrial production and investment have been parallel increased. This was stated by Abdul Rahim Janoo, Acting President FPCCI in a statement on new trade policy for the year 2015-16. He further stated that government should take serious notice of decrease in exports this year and find out the reasons.
He further said that the government did not take FPCCI on board while recommending new trade policy despite the assurance given by Federal Minister for Commerce in his meeting held in FPCCI. He said that the business community is the real stakeholder and without their consent every policy of the government pertaining to economy will be offended at every platform.
The Acting President FPCCI further drew the attention of the government and policy makers towards the report of WTO regarding Pakistan’s trade and said that it clearly indicated the fundamental problems in trade policy of Pakistan related to physical infrastructure, working capital and trade awareness.
He said, “the Prime Minister of Pakistan Mian Nawaz Sharif is eagerly improving the physical infrastructure while the problem of liquidity crunch in the export sector will easily overcome if stuck up refunds of the exporters to the tune of Rs. 200 billion are released.
Rahim Janoo also appreciated the policy of freight subsidy on export to African countries and expressed that Africa is most important and potential market and our neighbouring countries already having a major share in this region.
For more information, contact:
M. A. Lodhi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: +92-21-35873691, 93-94