AGL 38.40 Increased By ▲ 0.24 (0.63%)
AIRLINK 133.99 Decreased By ▼ -0.20 (-0.15%)
BOP 9.01 Increased By ▲ 0.16 (1.81%)
CNERGY 4.74 Increased By ▲ 0.05 (1.07%)
DCL 8.89 Increased By ▲ 0.22 (2.54%)
DFML 39.85 Increased By ▲ 0.07 (0.18%)
DGKC 85.24 Increased By ▲ 0.09 (0.11%)
FCCL 34.60 Decreased By ▼ -0.30 (-0.86%)
FFBL 75.74 Increased By ▲ 0.14 (0.19%)
FFL 12.76 Increased By ▲ 0.02 (0.16%)
HUBC 110.30 Increased By ▲ 0.85 (0.78%)
HUMNL 14.51 Increased By ▲ 0.41 (2.91%)
KEL 5.45 Increased By ▲ 0.05 (0.93%)
KOSM 8.09 Increased By ▲ 0.34 (4.39%)
MLCF 41.00 Decreased By ▼ -0.37 (-0.89%)
NBP 70.25 Increased By ▲ 0.55 (0.79%)
OGDC 193.00 Decreased By ▼ -0.62 (-0.32%)
PAEL 27.35 Increased By ▲ 1.14 (4.35%)
PIBTL 7.50 Increased By ▲ 0.08 (1.08%)
PPL 164.70 Increased By ▲ 0.85 (0.52%)
PRL 26.35 Decreased By ▼ -0.01 (-0.04%)
PTC 20.50 Increased By ▲ 1.03 (5.29%)
SEARL 88.50 Increased By ▲ 4.10 (4.86%)
TELE 7.88 Decreased By ▼ -0.11 (-1.38%)
TOMCL 35.20 Increased By ▲ 1.15 (3.38%)
TPLP 9.00 Increased By ▲ 0.28 (3.21%)
TREET 17.16 Decreased By ▼ -0.02 (-0.12%)
TRG 60.10 Decreased By ▼ -0.90 (-1.48%)
UNITY 31.25 Increased By ▲ 2.29 (7.91%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 10,791 Increased By 15.6 (0.15%)
BR30 32,449 Increased By 215 (0.67%)
KSE100 100,339 Increased By 256.3 (0.26%)
KSE30 31,184 Decreased By -9.1 (-0.03%)

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.