PTI government unveils new incentives for business community for exports increase

PTI government unveils new incentives for business community for exports increase

ISLAMABAD - Advisor to the Prime Minister on Commerce and Textile Abdul Razak Dawood Sunday said the government was formulating a policy to increase exports and decrease imports for the economic stability of the country through offering lucrative incentives to industrialists and businessmen.

He was speaking in a prize distribution ceremony at the concluding day of three-day 11th mega “Interiors Pakistan” international exhibition at Expo Center Lahore organized by Pakistan Furniture Council (PFC),” says a press release issued here Sunday.

He also appreciated PFC Chief Executive Mian Kashif Ashfaq for holding successful exhibition and said PFC deserved appreciation for promoting the culture of local brands to strengthen the national economy.

He said the government was working on short and long term policies simultaneously to boost economy of the country.

The Advisor was of the opinion that due to business friendly policies of the government, Pakistan had climbed 28 points on the World Bank’s ease of doing business index that has given an encouraging signal to the investors from abroad.

He said Japan, Vietnam and South Korea as well as the other Pacific and South East Asian markets would also be connected as the government would negotiate with these countries for promotion of trade.

Abdul Razak Dawood said workers of this industry had great skills and potential and if used properly, Pakistan could become the best exporter of furniture.

He said with development of furniture industry, it would be easy to meet local and international needs.

He also visited various stalls of the exhibition and praised the workmanship, quality and design of the various items on display.

On this occasion, PFC Chief Executive Mian Kashif Ashfaq expressed his gratitude for visiting exhibition as chief guest at the concluding ceremony.

He also assured the advisor that the business community of the country would provide its full support to the government towards implementing its reform agenda and overcoming the current economic challenges.

He said PFC was playing its due role efficiently for promoting of furniture brands not only inside the country but also abroad by displaying world class innovative designs suit to aesthetic sense of buyers.

He said Pakistan had potential to enhance furniture exports to USA and Europe by developing good brands and business community should focus on branding of products to promote business activities and improve exports.

Abdul Razak Dawood presented certificates of participation to the stall holders while PFC Chief Mian Kashif presented the Adviser with a shield.