Staff Reporter
Islamabad
Advisor to Prime Minister on Commerce Mr. Abdul Razak Dawood who is also the Board Chairman presided over the 18th Export Development Fund (EDF) meeting of the board of administrators held in Ministry of Commerce.
On behalf of FPCCI Mirza Abdul Rehman Coordinator FPCCI and Spokesperson FPCCI Capital office Islamabad participated in the said meeting. Matters of FPCCI capital office building were prominently discussed and highlighted in the meeting, and the needful decision were passed on from Chairman EDF Board Mr. Abdul Razaq Dawood. FPCCI Capital office building electrification head amount of Rs 15 million were sanctioned in the said meeting with the immediate orders of the Chairman, and necessary directions to the relevant departments as to TDAP was passed on to coordinate with FPCCI in this regard.
Mirza Abdul Rehman hailed the visionary efforts of Abdul Razaq Dawood in this regards. On the other side request of FPCCI for the approval of another amount of Rs .15 million for Pakistan-Afghanistan Trade Expo was also discussed and Chairman of EDF Administrative Board Abdul Razaq Dawood passed on direction to Secretary TDAP in this regard to coordinate with FPCCI for this purpose. Mirza Abdul Rehman Coordinator FPCCI said that, three million rupees as already sanctioned for 8th FPCCI Achievement Awards Ceremony, has to be released soon.
This was also taken up by the Chairman of Board of the EDF, and special direction to TDAP was issued in this regard for mutual coordination with FPCCI. Reap issues on Basmati Rice & Indian Claim was also taken on serious note. Mirza Abdul Rehamn said FPCCI’s unconditional support is with REAP in the said matter relevant to IPO Where as REAP itself is strongly doing efforts to resolve these in coordination with Ministry of Commerce as well. He said we and with REAP for obtaining GI Tag of EU also.
Meanwhile, The meeting took serious notice of the bulging trade deficit touching up to $15 billion.
The FPCCI’s general body meeting also discussed at length the real potential that exists in trade with China.
The body expressed concern that Pakistan’s exports were not getting the potential penetration in Chinese markets whereas products from China have flooded local markets.
