Four 'Common Expo Centre' Will Be Established In Punjab; Dawood
Muhammad Irfan 1 month ago Sat 19th September 2020 | 07:10 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 19th Sep, 2020 ) :Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Saturday said that a common Expo Centre would be established in four cities of Punjab to boost industry sector.
He assured full support to exporters and industrialists in this regard.
He underlined that for sustainable growth in exports, "we need to diversify our products, into the developmental sectors, and find new markets, including Africa and middle East." During the visit, the Adviser discussed new developments in different industries including fans, furniture and pottery with the representatives.
Razak 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 development of industry and resolution of problems.
The Association members appreciated Ministry of Commerce 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 Adviser assured that the government will play its facilitative role in finding solutions to their issues.
The Adviser on Commerce apprised the representatives of the industry of various cost reduction measures, like tariff rationalization on raw materials and intermediaries, taken by the Ministry of Commerce, to enable the industry to manufacture their products on globally competitive rates and ensure value-addition.
The Advisor informed that the government has already done tariff rationalization for 41 percent of the raw materials and intermediaries, while the next measures are also under consideration for different sectors, including chemicals, engineering, pharmaceuticals, leather, food processing and textiles, under the three years tariff rationalization plan of the MOC.