Prime Minister Imran Khan has said that economic future of the country is linked with enhancement of exports, as exports so far have remained far below the actual potential. He said that in the past the revenue-centric economic policies with overemphasis on collection of revenues made the industry uncompetitive. The present government has made a paradigm shift in prioritising the competitiveness of industry vis-à-vis revenue collection.
The Prime Minister was chairing the 80th Meeting of the Board of Administrators of Export Develoopment Fund (EDF) on Thursday The Prime Minister, while expressing serious concern over the mismatch in collection and releases of the EDF during past years, directed that timely releases of EDF, which was indeed the exporters'' money, be ensured during the current year while a comprehensive system be devised for the future to ensure unhindered releases and optimum utilisation of EDF for its mandated purpose.
The Board of Administrators of EDF reconstituted the Finance Committee of the EDF Board which will be chaired by the advisor to the prime minister on commerce.
The meeting approved budget and the schedule of activities to be held during TEXPO Exhibition 2019 at Lahore Expo Centre on April 11-14, 2019.
It was also decided during the meeting that the EDF Board would also include secretary Textile Division as its member to ensure representation of the textile sector, being the major contributor towards exports of the country.
Talking to leading businessmen, the Prime Minister stated that the government would continue taking the business community on board in policy formulation processes and their feedback would help the government further improve policy framework, adding the government would extend maximum facilitation to exporters and businesspersons of the country.
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