Tarin seeks exporters’ proposals for facilitation to spur exports

Staff Reporter

Federal Minister for Finance and Revenue, Shaukat Tarin Friday reiterated his unflinching support to the exporters, encouraging them to come up with a well-rounded proposal, enabling government for better facilitation and timely support amid and post-Covid-19 scenarios.

Chairing a meeting with a delegation of exporters, the finance minister urged for adopting a forward looking approach for enhancing export earnings to reduce trade deficit.

He directed to find a win-win situation with reference to protracted issues for taking value-added exports to the next level and emphasised the need for robust and sustained growth in exports on immediate basis.

The Finance Minister also appreciated the Ministry of Commerce, Ministry of Industries and Production and State Bank of Pakistan (SBP) for their outstanding support and timely interventions for the small and medium industries amid Covid-19.

While responding to queries related to the current energy requirements, the Finance Minister stressed the need for load management by switching to alternate fuel options during peak demand period.

He directed to form a working group comprising of representatives from respective utility organizations for a prompt action to fulfill energy requirements on real-time basis, in respective areas.

Finance Minister also assured swift payments to the exporters against their refunds and directed FBR that refunds requiring Provincial Government’s verification must be given on an interim basis subject to future adjustments.

He constituted a sub-committee comprising of representatives from the Ministry of Commerce, FBR and the SBP to sort out such matters at an accelerated pace. The underlying rationale is to ensure timely payments for exporters amid cash flow crunch.

Earlier, Advisor to the PM on Commerce Abdul Razak Dawood, welcomed the representatives of exporters and commended their role for putting exports on high growth trajectory during testing times due to Coronavirus pandemic.

He affirmed full support and facilitation to resolve liquidity crisis faced by the exporters.

Among others, Federal Minister for Industries and Production, Khusro Bakhtyar; Federal Minister for National Food Security & Research, Fakhar Imam; Advisor to the PM on Commerce, Abdul Razak Dawood; SAPM on Finance and Revenue, Dr. Waqar Masood, Governor State Bank of Pakistan, Dr. Reza Baqar; Chairman FBR, Secretary Petro-leum, Secretary Commerce and other senior officers participated in the meeting.

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