FPCCI lauds trade pol­icy, de­mands timely re­funds

The Pak Banker - - NATIONAL -

The Fed­er­a­tion of Pak­istan Cham­bers of Com­merce and In­dus­try (FPCCI) has termed trade pol­icy en­cour­ag­ing in the pre­vail­ing cir­cum­stances and as­sured sup­port of the govern­ment to help achieve ex­port tar­get of 35 bil­lion dol­lars up to 2018. In a state­ment is­sued here to­day, the Pres­i­dent FPCCI Ab­dul Rauf Alam said that ex­port tar­get can be achieved if re­funds to the tune of 210 bil­lion ru­pees are re­leased, tax sys­tem is sim­pli­fied and un­in­ter­rupted sup­ply of elec­tric­ity and gas is en­sured.

He said that prob­lems of ex­port sec­tor should be re­solved so that their cost of do­ing busi­ness can come down to make their prod­ucts com­pet­i­tive in the in­ter­na­tional mar­ket. More­over, he said that Pak­istan should ex­plore new mar­kets with spe­cial fo­cus in Iran and Afghanistan as Pak­istan can ex­port rice, beef and other things worth one bil­lion dol­lars while ex­ports to Afghanistan can be in­creased by fifty per­cent. Rauf Alam said that Value ad­di­tion should be pre­ferred over ex­port of raw ma­te­rial while in­no­va­tion and re­search should be fo­cused. He also called upon im­prove­ment in in­fra­struc­ture, skill de­vel­op­ment, labour pro­duc­tiv­ity us­age of tech­nol­ogy cou­pled with mar­ket re­search as di­ver­si­fi­ca­tion and so­phis­ti­ca­tion of ex­ports will pay div­i­dends.

Mean­while, Sec­re­tary Gen­eral of United Busi­ness Group Zubair Tu­fail lauded the govern­ment's move to pro­vide Rs20 bil­lion to ex­porters over a pe­riod of three years. He said that pay­ment of Rs6 bil­lion should be ini­ti­ated im­me­di­ately as only three months have been left in the cur­rent fis­cal year. He also de­manded at­ten­tion to dis­pute res­o­lu­tion, in­tel­lec­tual prop­erty rights and im­proved tax and in­dus­trial poli­cies which will at­tract in­vest­ment.

The busi­ness leader lauded the move to es­tab­lish ex­port de­vel­op­ment coun­cils, ex­plore re­gional mar­kets, and re­vive dor­mant trade agree­ments with var­i­ous coun­tries for which trans­port in­fra­struc­ture and se­cu­rity re­main chal­lenges.

Tu­fail also lauded de­ci­sion of the govern­ment to sup­port SME sec­tor which was long­stand­ing de­mand of the busi­ness com­mu­nity while de­ci­sion to con­tain wastage of agri­cul­tural pro­duce and en­hanc­ing the in­come of farm­ers will go a long way to im­prove agri­cul­tural sec­tor.

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