Export strategy outlining actions, priorities unveiled

Islamabad: The Ministry of Commerce and the Trade Development Authority of Pakistan (TDAP) on Friday unveiled a comprehensive National Priority Sectors Export Strategy (NPSES) for Pakistan to achieve the country’s ambition of enhancing trade.

The strategy was launched by the Federal Minister for Commerce, Syed Naveed Qamar.

The ten, five-year (2023-2027) sector strategies are the result of a consultative process between public and private-sector stakeholders. They address constraints and specific steps to avail concrete opportunities in a comprehensive manner and are an integral part of Pakistan’s Strategic Trade Policy Framework (STPF).

The NPSES provides Pakistan with a set of sectoral and functional strategies, each specifying priorities and actions to improve trade performance.

Implementing these strategies would mean strengthening and diversifying Pakistan’s economy, more jobs, higher investment opportunities, and improved competitiveness of exports.

The International Trade Centre (ITC) worked with the Government of Pakistan with financial support from the Foreign, Commonwealth and Development Office of the UK government, through the Revenue Mobilization, Investment and Trade Programme (ReMIT) to support the development of the National Priority Sectors Export Strategy.

Engineering goods, leather, processed food and beverages, fruits and vegetables, meat and poultry, pharmaceuticals, software development and services, business process outsourcing, logistics and institutional coordination are the priority sectors and functions in the Strategy.

Govt takes step to spur forex inflows thru export boost

To maintain the momentum sparked by the consultations, the Government of Pakistan is committed to play a constructive and facilitative role, while making it a top priority to execute the activities and reforms in the plans of action. To continue keeping the private sector in the driving seat for the implementation process, the National Export Development Board, Sector Advisory Councils, as well as, a STPF coordination unit are being set up.

Speaking on the occasion, Federal Minister Syed Naveed Qamar said: ‘export is the top priority for Pakistan. The Government of Pakistan has taken a series of initiatives to promote exports to achieve sustainable and inclusive economic growth, poverty reduction and improvement in the living standard of the people of Pakistan.

This strategy is in line with the objectives and policies of the Government of Pakistan. We will work with all stakeholders to use the opportunities that the NPSES provides in creating jobs and new opportunities for Pakistan.’

Andrew Dalgleish, British Acting High Commissioner, said: ‘The FCDO is proud to support programmes like ReMIT that focus on supporting Pakistan to strengthen institutional capacity for trade policy formulation and to address trade barriers. I hope the National Priority Sectors Export Strategy will help Pakistan transform its economy to meet the needs of its rapidly growing young population, broaden its exports base and become better integrated into global value chains.’

Dr Mohammad Saeed, Chief Trade Facilitation and Policy for Business, International Trade Centre said: ‘Driven by quality and innovation, the strategy and attendant work plan will strengthen the international presence of Pakistani products from the priority sectors. We are grateful to the Government of Pakistan, in particular the Ministry of Commerce, TDAP, the FCDO and representatives of the public and private sector who worked with us to make the NPSES a reality for Pakistan.’

Copyright Business Recorder, 2022