AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to establish sector-specific autonomous export promotion companies with private partnership to tackle the issue of falling external trade which has emerged as a threat and to boost trade, he said.
Talking to Prime Minister Special Assistant on Revenue, Haroon Akhtar Khan, he said previously the Export Promotion Bureau (EPB) had the responsibility to look after the exports and help exporters to increase their market share but it failed to do so. Subsequently, a new body, Trade Development Authority of Pakistan (TDAP) was established in 2006, under a Presidential Ordinance, with the same objective but it could not achieve the intended goals, he added.
He said it has become necessary to establish at least 10 new autonomous sector-specific companies with private partnership for each important national export sector including garments, towel, leather garments, surgical goods, sports goods, carpets, shoes, fruits and vegetables and rice.
Each of the company should be responsible to market its assigned commodity in the international market while the Board of Directors of every company may comprise 25 top exporters of the relevant sector, he suggested. Every company shall be responsible for its own branding, value addition, placement, promotion, pricing, packaging, labelling, quality assurance, research, acquiring certifications, standardizations, capacity building and etc to achieve the assigned export targets. The financial requirements of these companies should be fulfilled through Export Development Fund (EDF).

Copyright Business Recorder, 2016

Comments

Comments are closed.