Ahsan underlines export led growth

Islamabad—Federal Minister for Plan-ning,Development and Reforms, Ahsan Iqbal on Tuesday stressed the need for promoting export led growth in order to survive in the international mar-ket. He expressed these views while meeting with a delegation of Islamabad chamber of commerce at the Ministry of Planning , Development and Re-forms.
He said that chambers must have close coor-dination with ministry of planning and ensured to extend his full support to ideas which can lead to an increase in the production levels. He said that pri-vate sector is the backbone of the country economy and they should play an integral role in the devel-opment of country by exploring new trade avenues and business opportunities. Ahsan Iqbal underlined the importance of political stability and termed it as a necessary prerequisite for a export led economy.
He pointed out that plans chalked out under Paki-stan Vision 2025 should be actualized to increase our exports. He stressed on the need for collabora-tion and partnership between government and chambers, joint efforts can help in enhancing ex-ports. The Minister said that “we need out of box and non traditional ways to increase exports”.
He suggested that Islamabad chamber of commerce must establish a think tank to develop next five years plan. Minister maintained that we need to incorporate ideas of productivity, quality and inno-vation in all the investments happening in the coun-try. He said that Chinese investment will play a positive role in convincing other countries to come forward and invest in Pakistan. He identified indus-try-research linkage as a challenge which Chambers must overcome in order to stir economic growth. Minister Ahsan Iqbal noted that Pakistani business-men lack knowledge about Chinese markets, import patterns and ways of doing business which is essen-tial for increasing our exports to China.—APP

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