AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Prime Minister Shehbaz Sharif has directed the formulation of a mechanism for extending incentives and facilities to small and medium-sized businesses and industries that can contribute to export growth. He gave these directives while chairing a meeting in Islamabad today to review a strategy for increasing the country’s exports.
According to Radio Pakistan, the Prime Minister emphasized that the export-oriented industry is essential for achieving Pakistan’s economic development goals. He stated that the government is focused on increasing exports and providing facilities to industries. Furthermore, he called for developing a strategy to promote new businesses and industries aimed at enhancing exports.
Shehbaz Sharif highlighted the importance of research, development, and innovation in industry and trade to help Pakistani products compete in international markets. Additionally, he directed the timely payment of tax refunds to exporters to facilitate their operations.
During the meeting, participants were briefed on the proposed export enhancement policy. They also shared their suggestions and recommendations on the draft framework of the policy.