ISLAMABAD: Prime Minister Imran Khan has given the approval to establish the Export Development Board to promote exports of the country.
The Prime Minister took the decision in a meeting with Adviser on Commerce Abdul Razak Dawood, according to a statement issued by Prime Minister’s Office.
وزیر اعظم عمران خان سے مشیر تجارت عبدالرزاق داؤد کی ملاقات۔
وزیر اعظم نے برآمدات کے فروغ کے لیے ایکسپورٹ ڈیویلپمنٹ بورڈ قائم کرنے کی اصولی منظوری دی۔ pic.twitter.com/DA7nI8wRc1
— Prime Minister's Office (@PakPMO) November 30, 2020
The board will be chaired by the Prime Minister and will include representatives from all export-related stakeholders. The board will hold meetings every month, where exporters will also be invited so as to discuss issues faced by them.
اس بورڈ کی صدارت وزیراعظم خود کریں گے اور اس میں برآمدات سے متعلقہ تمام شراکت داروں کی نمائندگی شامل ہوگی۔
اس بورڈ کا اجلاس ہر ماہ منعقد کیا جائے گا جس میں برآمد کنندگان کو بھی مدعو کیا جائے گا تاکہ ان کے مسائل جلد حل کئے جاسکیں
— Prime Minister's Office (@PakPMO) November 30, 2020
Earlier, Prime Minister Imran Khan had unveiled a major relief package of the electricity tariff for small and medium industries to benefit from reduced energy costs.
Addressing the nation after a meeting of the federal cabinet, the prime minister said that starting November 1, the additional electricity used by SMEs will be sold at 50 percent lower cost till June 30 next year.
“So whatever amount of electricity they used in addition to the level that they used last November, it will cost half of what it did previously,” he explained. “For example, the electricity that costs Rs16 per unit will now cost Rs 8.”
The prime minister explained that the cost of electricity in the country was expensive because previous contracts signed for power generation were expensive which had adverse effects for the country.
He said that these rates will then be revised beyond the aforementioned date. He said all industries will be provided additional power at 25 percent of the rate for the next three years.
