Dawood: Incentives to businessmen to boost exports

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Observer Report

Lahore

Advisor to Prime Minister on Commerce Abdul Razak Dawood Friday said the government is vigorously following a prudent policy to boost export and minimize import for the economic stability through offering lucrative package of incentives to industrialists and businessmen.
He stated this while talking to a high level delegation of United Business Group led by President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik here on Friday.
Abdul Razak Dawood said the government is working on short and long term policies simultaneously to boost economy besides accelerating the pace of industrialization throughout the country on top priority. He said Prime Minister Imran Khan always attached great importance to private sector and directed to address their problems being confronted by business community. The Advisor was of the opinion that due to business friendly policies of the government, Pakistan has climbed 28 points on the World Bank’s ease of doing business index that has given an encouraging signal to the investors from abroad. He said Japan, Vietnam and South Korea as well as the other Pacific and South East Asian markets would also be connected as the government would negotiate with these countries for promotion of trade.
Abdul Razak Dawood assured the delegation that all their viable proposals and legitimate demands will be given due weight age in policy making process and necessary directions will be issued to concerned quarters for their redressal without loss of time. Federal Secretary Commerce was also present on the occasion.
About the completion of the state of the art 10 storey building of SAARC Chamber head office in Islamabad, the Advisor said that necessary funds will be allocated shortly in this regard to meet their needs.
Patron-in-chief UBG SM Muneer former TDAP chief executive thanked the advisor for giving patient hearing to their proposals and demands and termed today meeting as result oriented which will help a lot to restore the confidence of business community especially exporters and foreign and local investors.

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