ISLAMABAD – Prime Minister Imran Khan Thursday said economic future of thecountry was linked with enhancement of exports which so far have remainedfar below the actual potential.
He said in the past the revenue-centric economic policies with overemphasison collection of revenues made the industry uncompetitive, adding, thepresent government had made a paradigm shift in prioritizing thecompetitiveness of industry vis-à-vis revenue collection.
The prime minister was chairing 80th meeting of the Board of Administratorsof Export Development Fund (EDF) here at prime minister office.
Expressing serious concern over the mismatch in collection and releases ofthe EDF during past years, the prime minister directed that timely releaseof EDF, which was indeed the exporters’ money, be ensured during thecurrent year.
He further directed that a comprehensive system should be devised for thefuture to ensure unhindered releases and optimum utilization of EDF for itsmandated purpose.
The Board of Administrators of EDF reconstituted the Finance Committee ofthe EDF Board which would be chaired by the Advisor to the Prime Ministeron Commerce.
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The meeting approved budget and the schedule of activities to be heldduring the TEXPO Exhibition 2019 at Lahore Expo Centre on April 11-14 thisyear.
It was decided during the meeting that the EDF Board would also includeSecretary Textile Division, as its member, to ensure representation of thetextile sector, being the major contributor towards exports of the country.
Talking to leading businessmen, the prime minister said the governmentwould continue taking the business community on-board in policy formulationprocess, adding, their feedback would help the government further improvepolicy framework and to extend maximum facilitation to the exporters andbusinessmen of the country.
