In a strategic move aimed at bolstering the country’s exports, the Ministry of Commerce has instituted two influential export advisory councils focused on formulating strategies for promoting both textile and non-textile products. These councils are entrusted with the responsibility of crafting sector-specific strategies to enhance export volumes, with a deadline of eight weeks to develop policy guidelines.
The proposed guidelines will subsequently be presented to the Special Investment Facilitation Council (SIFC) for approval, aligning with the broader strategy targeting an ambitious export goal of $100 billion.
The chairperson or convenor can incorporate additional individuals from the public or private sector, as required. Tasked with advising the Ministry of Commerce on matters impacting textile and non-textile exports, these advisory councils will receive administrative support from the ministry and convene regularly under the chairmanship of the commerce minister.
The Export Advisory Council for Textile includes eminent figures from the private sector, representing companies such as Interloop Holdings, Alkaram Textiles, Soorty Textiles, US Group, Artistic Milliners, Kohinoor Mills, Sapphire Textile Mills, Kamal Textile Mills, and TBC company.
On the other hand, the Export Advisory Council for Non-Textile products comprises private sector representatives from Guard Agricultural Research and Services, Iftikhar Ahmed & Co, K&Ns Foods (Pvt) Ltd, Malik Sports, Hanif Jewelry & Watches, Hirani Pharmaceuticals, Tufail Chemicals, Amicas Enterprises, Infinity Engineering Pvt Ltd, Popular Marble Industries, Leather Ltd, Getron (Industries) Ltd, Ghani Glass, and Garibsons (Pvt) Ltd. Additionally, these councils will include senior officials from the ministries of commerce and finance, FBR, State Bank, and representatives from provincial governments.
In a strategic move to bolster Pakistan’s exports, the Ministry of Commerce has introduced two influential export advisory councils, focusing on textile and non-textile products. These councils aim to formulate sector-specific strategies for increasing export volumes, with an ambitious target of $100 billion.?