ISLAMABAD: The Ministry of Commerce has taken strategic steps to enhance the country’s export sector by forming two advisory councils dedicated to devising promotion strategies for textile and non-textile products.
The commerce ministry issued notifications on Wednesday, outlining the councils’ responsibility to develop sector-specific strategies for increasing export volumes. The set timeframe for formulating policy guidelines is eight weeks, following which these guidelines will be submitted to the Special Investment Facilitation Council (SIFC) for approval.
The primary objective of these councils is to contribute to the overarching strategy aiming for a $100 billion export target. The chairperson or holds the authority to include additional individuals from the public or private sector as required. The advisory councils will also provide guidance to the Ministry of Commerce on matters affecting textile and non-textile exports.
Administrative support for these councils will be provided by the ministry, and meetings are scheduled to take place monthly, or more frequently if deemed necessary, under the chairmanship of the commerce minister.
The Export Advisory Council for Textile is comprised of notable members from the private sector, including individuals from Interloop Holdings, Alkaram Textiles, Soorty Textiles, US Group, Artistic Milliners, Kohinoor Mills, Sapphire Textile Mills, Kamal Textile Mills, and TBC company.
Similarly, the Export Advisory Council for Non-Textile products includes members from the private sector representing Guard Agricultural Research and Services, Iftikhar Ahmed & Co, K&N’s Foods (Pvt) Ltd, Malik Sports, Hanif Jewelry & Watches, Hirani Pharmaceuticals, Tufail Chemicals, Amicas Enterprises, Infinity Engineering Pvt Ltd, Popular Marble Industries, Leather Ltd, Getron (Industries) Ltd, Ghani Glass, and Garibsons (Pvt) Ltd.
Both councils will also feature representation from senior officials from the ministries of commerce and finance, FBR, State Bank, and representatives from provincial governments.
