ISLAMABAD – Advisor to Prime Minister on Commerce, Textile, Industry &Production and Investment Abdul Razak Dawood has said the government wouldannounce soon the new industrial and national tariff policy in consultationwith all stakeholders and was taking steps to enhance inter-provincialcoordination.Razzak Dawood said this in a recent meeting with members of OverseasInvestors Chamber of Commerce and Industry in Karachi, a private newschannel reported on Thursday.He said the foreign ownership policy of the government that allowed legalentities would remain unchanged in Pakistan.He said this year,the incumbent government with effective measures ofpromoting the country’s exports products would make a huge breakthrough ofachieving the export target of 27 billion dollar.He said the PTI government was efficiently managing the financial mattersof the country and taking consolidated steps to boost the national economythrough increasing its trade and export activities and added it was fiveper cent increase had recorded in the exports.He said the countries, including China, Japan, Indonesia and others werecooperating with Pakistan to support its exports volume by giving space toits products like rice, fruits and others .In a bid to encourage multi-national companies to set up joint ventures(JVs) with local partners, Razak said the government would offer someincentives to these companies.“A level playing field would be given toexisting and new local and foreign investors,” he said.Replying to a question ,he said there was a dire need to bring foreigninvestment in the manufacturing sector to promote value-added exports .
Huge breakthrough of achieving 27 billion exports target by PTI government
