ISLAMABAD – Prime Minister Shahid Khaqan Abbasi says government isdetermined to protect rights of the business community as it plays animportant role in economic development.
He was talking to a delegation of traders association of the federalcapital in Islamabad on Friday.
The Prime Minister directed Minister of State for Capital Administrationand Development Division Dr Tariq Fazal Chaudhry to take steps on prioritybasis for the legislation to protect rights of the business community ofthe federal capital.
The delegation apprised the prime minister of problems being faced byIslamabad’s business community and requested him to issues directions fortheir resolutions.
Meanwhile, chairing a high level meeting to review efforts for continuationof GSP Plus status for Pakistan beyond 2018, Prime Minister Shahid KhaqanAbbasi has directed to maintain a focused approach towards ensuringcontinuation of Generalized System of Preferences Plus status and take allnecessary measures to maintain the growth oriented trend.
Commerce Division briefed the meeting in detail regarding Pakistan’scompliance with the requirements of GSP Plus.
It was informed that periodical review by Pakistan has already beensubmitted and has been examined by the European Union.
Commerce Division further informed that positive outcome is expected afterthe examination of the periodical review and the GSP Plus status willobtain roll-over for another three years term.
It was also informed that over the past five years Pakistan’s exports to EUregistered 45 percent increase while value added textile productsregistered 88 percent increase.