Revival of American GSP status demanded
President FPCCI, Zakaria Usman has called for the revival of American GSP status to Pakistan, realizing that Pakistan has been playing a front-line role in the war against terrorism and facing serious social and economic problems.
“GSP status has been expired for a long time and we are still waiting for its revival,” he said during a meeting with Chad Peterson, Political and Economic Chief of US Consulate General at the Federation House.
Zakaria Usman said the United States Government should acknowledge that the Pakistan army is still fighting a decisive battle in North Waziristan to eliminate terrorism and the country is incurring huge expenses on war against terrorism. As a result, it is facing a great task of settling internally displaced persons (IDPs).
He said Pakistan is playing leading role at different regional platforms and having their headquarters here like SAARC Chamber of Commerce, D-8 Chamber of Commerce and Islamic Chamber of Commerce. The chairmanship of the ECO Chamber of Commerce will be transferred to Pakistan as well for a period of three years.
Pakistan has a great potential for trade with other countries as it has specialized in different fields like textile, surgical, sports and leather and diversifying its exports from traditional to non-traditional items.