A 'common Expo Centre' To Be Established For 4 Cities In Punjab
Sumaira FH 1 month ago Sun 20th September 2020 | 01:20 AM
A 'common expo centre' will be established for Sialkot, Gujrat, Wazirabad and Gujranwala cities, for which the Punjab government will be approached for the allocation of land
ISLAMABAD, (UrduPoint / Pakistan Point News - 19th Sep, 2020 ) :A 'common expo centre' will be established for Sialkot, Gujrat, Wazirabad and Gujranwala cities, for which the Punjab government will be approached for the allocation of land.
Dawood visited the Pakistan Electric Fan Manufacturers Association, where the representatives shared different issues related to export of fans and discussed practical and constructive solutions for the development of industry and resolution of problems.
The association members appreciated commerce ministry for various measures and interventions for boosting exports and promoting engineering sector, especially the recent move for revision of rates of duty drawbacks for electric fans.
The advisor assured that the government would play its facilitative role in finding solutions to their issues.
In the meetings with industry representatives, he said Pakistan had been able to successfully deal with the health and economic challenges posed by the Covid-19 pandemic because of the effective coordination between the Federal and provincial authorities, as well as the private sector.
Dawood underscored that due to those joint efforts and proper implementation of the standard operating procedures, Pakistan was able to bounce back quickly, in terms of exports, as compared to its regional competitors.
He apprised the representatives of the industry of various cost reduction measures, like tariff rationalization on raw materials and intermediaries, taken by the commerce ministry to enable the industry to manufacture their products on globally competitive rates and ensure value-addition.
The advisor informed that the government had already done tariff rationalization for 41 percent of the raw materials and intermediaries, while the next measures were also under consideration for different sectors, including chemicals, engineering, pharmaceuticals, leather, food processing and textiles, under the three years tariff rationalization plan of the commerce ministry.