Efforts on to end industrial sector out crises

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Commerce Minister lauds IPO-Pakistan’s performance
Muhammad Arshad

Islamabad

Minister for Commerce and Textile Muhammad Pervaiz Malik Monday informed the National Assembly that concerted efforts were being made to steer the industrial sector out of crisis, caused by increased cost of doing business.
During the question-hours session, the minister admitted that the industrial sector was passing through a crisis, but the government was serious to overcome it soon in an effective manner.
Answering a question, he said primary responsibility of commercial counselors abroad was to promote bilateral trade of Pakistan with their respective countries where they were posted. “The overall performance of commercial attaches is monitored periodically by Ministry of Commerce.
With the approval of the Prime Minister and the Ministry, last year, a criterion has been developed in the form of Key Performance Indicators for the performance evaluation of Trade Officers,” he said.
Currently, he said, Pakistan had commercial attaches in 50 countries only and a good mechanism was in place to evaluate their performance on regular basis.
Replying to another question, the minister said Pakistan’s exports were on path of recovery and effective measures were being taken to improve them, which would help decrease deficit between exports and imports.
To another question, Pervaiz Malik said Pakistan’s exports to Africa had been hovering around $ 1 billion to 1.8 billion per year for the last five years constituting 6 -7 percent of total exports and overall trade was stagnant at around $ 3 billion per year.
He said Pakistan’s exports to Morocco have increased by 55 percent during 2016-17 amounting to $ 19.113 million as compared to 412.350 million in 2015-16, while exports to Kenya have also increased by 20 percent from $ 256.4 million in 2015-16 to $ 307.8 million in 2016-17.
Meanwhile, Federal Minister for Commerce Muhammad Pervaiz Malik, Monday, lauded the role of Intellectual Property Organization (IPO-Pakistan) in protecting the intellectual property rights and adopting pro-active approach for putting Pakistan on the intellectual property map of the world as a compliant and responsible country.
During his maiden visit to the IPO-Pakistan headquarters, the Minister expressed pleasure over the performance of the organization and ensured his support for future endeavors.
Commenting on the upcoming ECO meeting in Pakistan, the Minister agreed to extend every kind of support to IPO-Pakistan for making it a success.
Pervaiz Malik asked to enhance activities to create more awareness among people about IPRs.
Earlier, on his arrival Minister was welcomed by Chairman IPO-Pakistan, Shahid Rashid and Director Genera Muhammad Irfan Tarar. Chairman IPO-Pakistan, Shahid Rashid apprised the Minister about the working of the organization.
He highlighted the achievements of the organization and said that Pakistan has been removed from the United States Patent and Trademark Office (USPTO) priority watch list.
He assured to open new offices of IPO in Peshawar and Quetta in the near future.