SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI) Zahid Latif Malik has urged the government to take steps for streamlining existing markets and identification of new potential markets for Made in Pakistan products.
Talking to APP on Sunday, he said the Commerce Ministry in collaboration with Trade Development Authority of Pakistan and trade associations should work on streamlining the existing markets and identify potential markets. About decline in exports, he said “We have observed our exports are mainly targeted to specific regions which are facing economy slowdown”. Pakistan should focus on exploring new potent markets like Far-East, Central Asian Republic, Latin America and most importantly Russia, he said.
He further said that effective strategies should be evolved for tapping the potential of the markets and special step should be taken for initiating negotiations for the free trade agreements.
In addition to essential resources should be deployed for gathering market intelligence and creating trade linkages, he said.
The setting of EXIM Bank (Export import bank of Pakistan) is need of the hour to facilitate the export sector of the country in terms of financing and other related issues, he said and added that the EXIM bank should be given practical shape in the larger interest of export sector in the country.
