HYDERABAD: President Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that Pakistani businessmen were hitting $26bn dollar exports mark despite facing issues of energy and water crisis whereas Bangladeshi exports stood at $60bn with single digit markup ratio like other Asian countries. He said that collective efforts were needed to increase Pakistan’s exports volume.
HCCI Chief was speaking at ‘National Export Training Programme’ organized by Trade Development Authority of Pakistan (TDAP) on Monday. He said that foreign remittances in Pakistan stood at $22bn. He promised close liaison with TDAP in order to increase export volume as best as possible. He said that Hyderabad’s business community had helped Federal Board of Revenue to meet Rs7100 billion tax target in 2022-23 and now target of Rs9000 billion would be achieved with same zeal.
Adeel Siddiqui said businessmen were investing their money after earning them here. He maintained that TDAP needed to work hard because it remains the only body that could help Pakistan achieve increased exports. He said that HCCI would collaborate with TDAP in order to showcase Hyderabad’s products on TDAP’s website for increasing business activities.
TDAP’s Deputy Manager Afshan Urooj in her briefing disclosed that Pakistan and Bangladesh were at par in 2018 insofar as exports were concerned which stood at $2bn. She said that small and medium enterprises were being supported in Bangladesh and large scale industries were not given any support. He said that grip on foreign languages mattered in export businesses. She said that export could change the destiny of the country. She said that buyers could be found easily and it was not a difficult job in export businesses. She said TDAP had registered 99,000 Pakistani products with their codes. She said that exports must come up with their plans and company should be registered on website. She added that brochures of products should be prepared.
She said that textile products could complete in America and European Union markets whereas basmati be exported to Arab markets adding that finding buyers was not a problem. She said that foreign buyers were available on TDAP’s website. Scope was there for Hyderabad’s textile, agro and transport sectors. She said that businesswomen should enroll themselves on TDAP’s ‘Hunar website’ as around 3,000 women engaged on the website for business activities. She said that TDAP was guiding exporters through webinars and exporters should also register themselves for Amazon. She was of the view that so far only conventional export activities although world dynamics of exports had drastically changed and exporters should get benefit from export single window financing schemes.
Assistant Director of State Bank of Pakistan’s Business Support Unit Sibghatullah Noorani told the audience that SBP was also supporting traders in export refinancing. TDAP’s Deputy Manager Qazi Sadiq Arsalan thanked guests. He assured TDAP’s assistance for business community. HCCI’s Vice President Awais Khan Members Pahlaj Rai, Salahuddin Qureshi, Shafqatullah Memon, Ghulam Sarwar Panhwar, Ahsan Naghar, Haji Javed and others were present.
Copyright Business Recorder, 2023
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