PIAF pledges to help Govt. for enhancing exports to dollar 50 billion

July 20, 2014 Off By Web Desk

LAHORE: Pakistan Industrial & Traders Associations Front (PIAF) on Monday pledged all-out support to the government to increase the volume of exports to dollar 50 billion.

Commenting on the statement of Federal Commerce Minister Khurram Dastagir, the Chairman PIAF Malik Tahir Javed said that $ 50 billion exports for a resourceful country like Pakistan were quite achievable but the government would have to implement good governance and weed out corruption from institutions working for the development of exports.

He said that the restructuring of Trade Development Authority of Pakistan (TDAP) was a good decision that would go a long way in paving the way for considerable increase in the existing volume of exports.

Malik Tahir Javed said that the government should also seek suggestions from the leading exporters to get desired results in the shortest possible time. He said that there were a number of countries that are much smaller than Pakistan but the exports are far bigger than Pakistan and the only reason behind it was an enabling business atmosphere and facilitation to the exporters.

He said that the government would also have to take all in the commerce related institutions on board for making the policies result-oriented and meaningful.

Chairman PIAF said that it had been a practice in the country that if one institution facilitated a particular sector the others start creating undue hurdles therefore it is more important the this culture should be eliminated in the larger interests of the economy.

He said that the strengthening of institutions would not only enable them to absorb external shocks but would also be in a position to cater to the needs of the business community in a faster manner.

He said that the Chairman TDAP should ensure the transparency of disbursement of Export Development Fund (EDF) so that the culture of research could get a real boost.

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