PM asks exporters to think of innovative ideas for boosting exports

1685101016 PM asks exporters to think of innovative ideas for boosting
Prime Minister Shehbaz Sharif at the inaugural ceremony of the Textile Expo in Karachi on May 26, 2023. — Twitter/@GovtofPakistan
Prime Minister Shehbaz Sharif at the inaugural ceremony of the Textile Expo in Karachi on May 26, 2023. — Twitter/@GovtofPakistan

Prime Minister Shehbaz Sharif addressed the inauguration ceremony of the Textile Expo in Karachi on Friday, and encouraged the country’s exporters to come up with creative ideas to increase exports for Pakistan and earn valuable foreign exchange. Mr Sharif acknowledged the challenges facing the country, while praising the local entrepreneurs for their hard work in helping to build the nation’s export culture. He stressed the importance of combining the support of the government with the ingenuity of the entrepreneurs and their commitment to quality export goods to foreign customers, to ensure the success of Pakistan’s exports. Mr Sharif warmly welcomed the foreign delegates present at the ceremony, who he said showed Pakistan’s value as a destination for foreign traders, guests and buyers.

Mr Sharif commended the industrialists, exporters and professionals who had made a significant contribution to promoting the country’s textile and leather exports, and said that Pakistan’s industry had transformed significantly, with advanced techniques such as air jet looms, ginning, spinning and waving. The PM praised the organisation of the expo by the Commerce Minister Syed Naveed Qamar and his team, along with the Trade Development Authority of Pakistan Chief Executive Zubair Motiwala, as a commendable job in helping to promote the country’s exports.

Mr Sharif pointed out that the textile sector constituted 60% of total exports, while 40% of the country’s labour force was employed in the sector, and was one of the largest sectors of Pakistan’s economy. Despite the financial and other difficulties, Mr Sharif said the government was committed to genuine support of all export sectors including textile, leather and sports, to help increase the country’s export volume. He acknowledged that a few decades ago, Pakistan was ahead of its neighbours in textile exports but had lost its grounds, although he expressed confidence that with the help of the Naveed Qamar, his team and the Finance Minister, the tables could be turned back to the 1990s and the country could excel in its exports.

Mr Sharif also praised Naveed Qamar’s establishment of the national compliance cell, which he said was the need of the hour, and expressed gratitude to the European Union for the GSP plus status granted to Pakistan. He reaffirmed the government’s commitment to good governance, human rights and all international requirements, and said that they respected policies and the constitution. Mr Sharif highlighted the numerous investment opportunities offered by Pakistan for foreign investors, and urged the provision of greater incentives to entrepreneurs to boost the country’s exports and reduce its dependence on international lenders.

The TDAP Chairman, Zubair Motiwala, highlighted Pakistan’s reputation for superior textile products around the world.