ISLAMABAD: The Ministry of Commerce and the Trade Development Authority of Pakistan (TDAP) today unveiled a comprehensive National Priority Sectors Export Strategy (NPSES) for Pakistan to achieve the country’s ambition of growing its trade.
It was launched by the Federal Minister for Commerce, Syed Naveed Qamar.
The five-year (2023-2027) sector strategies are the result of a consultative process between public and private-sector stakeholders.
The NPSES addresses constraints and specific steps to avail concrete opportunities in a comprehensive manner and are an integral part of Pakistan’s Strategic Trade Policy Framework (STPF).
The NPSES provides Pakistan with a set of sectoral and functional strategies, each specifying priorities and actions to improve trade performance.
Implementing these strategies would mean strengthening and diversifying Pakistan’s economy, more jobs, higher investment opportunities, and improved competitiveness of exports.
The International Trade Centre (ITC) worked with the Government of Pakistan with financial support from the Foreign, Commonwealth and Development Office of the UK government, through the Revenue Mobilization, Investment and Trade Programme (ReMIT) to support the development of the National Priority Sectors Export Strategy.
Engineering goods, leather, processed food and beverages, fruits and vegetables, meat and poultry, pharmaceuticals, software development and services, business process outsourcing, logistics and institutional coordination are the priority sectors and functions in the Strategy.
To maintain the momentum sparked by the consultations, the Government of Pakistan is committed to play a constructive and facilitative role, while making it a top priority to execute the activities and reforms outlined in the plans of action.
To continue keeping the private sector in the driving seat for the implementation process, the National Export Development Board, Sector Advisory Councils, as well as a STPF coordination unit are being set up.
Speaking on the occasion, Federal Minister Syed Naveed Qamar said export was the top priority for Pakistan.
He said the Government of Pakistan had taken a series of initiatives to promote exports to achieve sustainable and inclusive economic growth, poverty reduction and improvement in the living standard of the people of Pakistan.
This strategy is in line with the objectives and policies of the Government of Pakistan. We will work with all stakeholders to use the opportunities that the NPSES provides in creating jobs and new opportunities for Pakistan, he said.
Andrew Dalgleish, British Acting High Commissioner, said that the FCDO was proud to support programmes like ReMIT that focus on supporting Pakistan to strengthen institutional capacity for trade policy formulation and to address trade barriers.
