SCCI for setting up EXIM Bank

Staff Reporter


President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta has called for setting up EXIM Bank (Export import bank of Pakistan) on priority basis to facilitate the exporters.
Talking to media here on Sunday, he said that Sialkot earned US 2 billion dollars through its export despite some odds. Keeping in view the contribution and importance of Sialkot, the government should take step for setting up Special Economic Zone to facilitate the business community of Gujrat, Gujranwala, Sialkot and other adjoining areas, he said. The SCCI President suggested that Sialkot Export Processing Zone (SEPZ) should be given the status of Special Economic Zone (SEZ) to facilitate business community of Gujrat, Gujranwala and Sialkot.
The Commerce Ministry in collaboration with Pakistan Standards and Quality Control Authority (PS&QCA) should introduce standards and ensure compliance of local vendor industry supplying raw material to export sector of the country, he suggested.
The SCCI President further said the government should provide special incentives to encourage the export of high priority sectors like textile and clothing, surgical and dental instruments, leather products, sports goods, footwear, gems and jewelry and furniture.
Similarly potential sectors like surgical implants, composite products, light engineering products, printing and packing, sports wear, fitness apparel, gloves and musical instruments etc., needed special focus and facilities to perform optimally, he added.
He emphasized the need of setting up “Marketing Intelligence Cell” at Trade Development Authority of Pakistan (TDAP) for providing assistance to manufacturers and exporters in obtaining information pertaining to international demands for commodities, competitive price index, expanding markets and other essential trends.
The cell would also serve to disseminate updated information to exporters on export markets and technology to facilitate diversification of exports, Majid added.

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