The Karachi Chamber of Commerce and Industry (KCCI) is formulating five-year export roadmap for Pakistan. KCCI Export Sub-committee Chairman Shariq Vohra has initiated work on the five-year export roadmap. The roadmap will transform the export policy into new dimension and the diversification of exportable items.
After formulating the long-term export roadmap, it would be forwarded to Trade Development Authority of Pakistan (TDAP) for consideration and onward submission to the government for approval. Karachi chamber is the first trade organisation in the country, which has initiated the formulation of long-term export roadmap.
The chamber will collect information of goods produced, raw material available and required to produce export surplus, demand of goods in various countries, information about new markets where goods can be exported, production cost of goods as compared to its competitors in world market, prepare essential statistical data for the Pakistan export market, infrastructure requirements, information about demands of non traditional items in world market and propose amendments in export policy order etc.
Pakistan's export trade is largely dependent on imported raw materials and components. The surging trade deficit is also directly or indirectly related to imported raw materials consumed in almost all the export products of Pakistan. The roadmap would suggest that besides export policy, import policy should be framed in such a manner that it is not detrimental to exports.