FAISALABAD: Government must revisit its economic policies in addition to exploring nontraditional markets and diversifying its exports, said Syed Zia Alamdar Hussain Senior Vice President Faisalabad Chamber of Commerce and Industry (FCCI).
He was addressing an awareness session on Post Strategic Trade Policy Framework- 2015-18. It was also attended by Mrs. Raheela Tajwar Director General Trade Policy, Ministry of Commerce and Mohammad Owais Khan Regional Trade and Policy Advisor USAID.
Syed Zia Alamdar Hussain said that the federal government has taken bold and comprehensive decisions to strengthen Pak economy on sustained basis. He appreciated the zero rating of exports, provision of uninterrupted energy, availability of capital at reasonable markup and said that although the economy has now been put on right track but it will take some time to fully recover for the setbacks and crisis of the last many years.
He said that government has fixed export target of 25.5 billion dollar in Strategic Trade Policy Framework (STPF-2015-18) but after Brexit the GSP-Plus has further complicated the existing challenges to our exports. He further said that currently Pakistan is exporting its products to only 50 countries out of 196 and hence we must expand the scope of our exports to maximum new destinations.
