Wednesday, October 30, 2024

PM Shehbaz Sets $60 Billion Export Target for Pakistan in Three Years

Prime Minister Shehbaz Sharif has announced a bold goal for Pakistan: reaching $60 billion in exports within the next three years. To achieve this ambitious target, he has called on the Ministry of Commerce and other relevant departments to take swift and decisive action.

To kickstart this effort, the Prime Minister has directed the Ministry of Commerce to develop comprehensive policy proposals. He emphasized the importance of involving key export sectors in this process, ensuring that the final policies reflect the needs and potential of these industries.

By working closely with businesses and industry leaders, the government aims to create a supportive environment that will boost export activities.

In addition to the focus on industrial exports, Prime Minister Sharif has also highlighted the importance of agricultural exports. He has tasked the Ministry of National Food Security with improving agricultural extension services, which are crucial for supporting farmers and enhancing the quality and quantity of agricultural products.

This initiative will be carried out in collaboration with provincial authorities to ensure effective implementation across the country.

The Prime Minister’s directive underscores the need for coordinated efforts at all levels of government. By enhancing collaboration between federal and provincial bodies, Pakistan can leverage its diverse resources and capabilities to meet the export target.

This approach aims to strengthen the overall export infrastructure, making it more efficient and competitive on the global stage.

Prime Minister Sharif’s plan also includes addressing any existing bottlenecks that hinder export growth. This involves streamlining regulatory processes, improving logistics, and ensuring timely access to necessary resources for exporters.

By removing these obstacles, the government hopes to create a more favorable business environment that will encourage investment and innovation in export-oriented sectors.

Furthermore, the Prime Minister has called for regular monitoring and evaluation of progress towards the export goal. This will involve setting up a robust system for tracking performance and making adjustments as needed. The aim is to stay on course and make any necessary changes to strategies and policies to ensure that the $60 billion target is achieved within the stipulated time frame.

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