Restora­tion of gas to Pak­istan Steel Mills de­manded

The Pak Banker - - NATIONAL -

The La­hore Cham­ber of Com­merce & In­dus­try has urged the govern­ment to sign Free Trade Agree­ments with the re­gional coun­tries, Cen­tral Asian States, Middle States and African coun­tries to boost the ex­ports.

In a state­ment is­sued here, the LCCI Pres­i­dent Sheikh Muham­mad Ar­shad and Vice Pres­i­dent Nasir Saeed said that Pak­istani ex­ports are at the low­est as com­pared to the other re­gional coun­tries. They said that Free Trade Agree­ments with the non-tra­di­tional coun­tries to give a jump­start to the na­tional ex­ports.

They said that Pak­istani busi­ness­men should adopt an ag­gres­sive mar­ket­ing strat­egy to get their due share in the in­ter­na­tional mar­ket. Re­gional trade is an­other ne­glected area where due at­ten­tion is direly needed. They said that de­spite hav­ing best qual­ity, Pak­istani mer­chan­dise are not find­ing their way to the most parts of the world just be­cause of lack of ag­gres­sive mar­ket­ing strat­egy.

They said that re­gional trade is an­other ne­glected area where we have to do a lot of work through pub­lic-pri­vate part­ner­ship. They said that pro­mo­tion of re­gional trade is a must to en­hance ex­ports which are show­ing a de­clin­ing trend. They said that it is a mat­ter of con­cern that our ex­ports are go­ing down at a time when our com­peti­tors are writ­ing new sto­ries of suc­cess in the global mar­ket.

We are still strug­gling to achieve our min­i­mal ex­port tar­get de­spite hav­ing all re­sources to move for­ward while those coun­tries are far ahead of us which were fol­low­ing our eco­nomic role model in the past", the LCCI of­fice-bear­ers said.

They stressed the need for de­vel­op­ing re­gional, prod­uct spe­cific and tar­get ori­ented mar­ket­ing strat­egy. They said that new mar­kets and new prod­ucts need to be ex­plored to re­duce coun­try's de­pen­dence on few com­modi­ties and coun­tries. They said that Pak­istan's ex­ports are highly con­cen­trated in few items. Such con­cen­tra­tion in few mar­kets can also be­come a source for in­sta­bil­ity in ex­port earn­ings. Mean­while, Ex­ec­u­tive Com­mit­tee Mem­ber of the La­hore Cham­ber of Com­merce & In­dus­try Raja Adeel Ash­faq has de­manded im­me­di­ate gas sup­ply restora­tion to Pak­istan Steel Mills.

In a state­ment is­sued here Mon­day, Raja Adeel Ash­faq said that it is a mat­ter of con­cern that Pak­istan Steel Mills is com­pletely closed be­cause of un­avail­abil­ity of gas but con­cerned govern­ment func­tionar­ies in gen­eral and min­istry of Pe­tro­leum and Nat­u­ral Re­sources is play­ing the role of silent spectators. He said that pol­icy mar­kets should be well aware of the fact that Pak­istan Steel Mills is not only a ma­jor source of steel prod­ucts sup­ply to the var­i­ous do­mes­tic in­dus­tries but is also has vi­tal im­por­tance for de­fence in­dus­try. He said that clo­sure of Pak­istan Steel Mills is not only a na­tional tragedy but could be very dan­ger­ous for the de­fence sec­tor.

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