President Alvi urges more efforts to boost country’s exports

ISLAMABAD: President Dr Arif Alvi has called upon the businessmen to focus on value-addition, diversification and proper branding of their products to boost exports and compete in the international market.

During his address to an award ceremony held at Faisalabad Chamber of Commerce and Industries (FCCI) at the Aiwan-e-Sadr, he said it was about time for Pakistani products to make an impact with high-quality standards coupled with credible and trusted business dealings at the international level.

He said the adoption of business mechanisms based on information technology could assist the county’s traders to address the challenges of the contemporary financial world.

He said the government would soon bring a new e-commerce policy for modernizing the businesses to promote e-commerce in the country.

Highlighting the importance of e-commerce, Alvi informed that exports in Information Technology (IT) during the COVID-19 pandemic were not affected as compared to other sectors however,  it witnessed further increase during the period.

The president appreciated the government for holding consultations with relevant stakeholders while remaining accessible to the business community to listen to their grievances.

He expressed satisfaction that FCCI, as a dynamic organization, was contributing to the economy of the country and termed the businessmen community the genuine stakeholders that needed to be taken on board by the governments in decision-making.

President Alvi urged on conforming to the noble ethics of Islam such as honesty by shunning deception while undertaking business transactions.

On this occasion, Punjab Minister for Industries Mian Aslam Iqbal said giving confidence to industrial units was crucial to enhance the country’s economy.

Iqbal mentioned that Pakistan Tehreek-e-Insaf (PTI) was the only political party that promoted Special Economic Zones (SEZs) to facilitate traders and announced the setting up an SEZ on Information Technology (IT) and 23 new cement plants to boost trade activity.

He said that the world institutions including the IMF, World Bank, and Asian Development Bank are appreciative of the financial discipline shown by the present government.

FCCI President Rana Muhammad Sikandar-e-Azam said that Faisalabad’s share in the country’s textiles comprised 60 percent, while the industrial city made 20pc of the overall Gross Domestic Province (GDP).

Sikandar-e-Azam appreciated the government’s policy to effectively address economic issues in the wake of the coronavirus pandemic.

Comments: 0

Your email address will not be published. Required fields are marked with *