ISLAMABAD – The government is going to introduce comprehensive tariff reforms for raw materials and will remove all the impediments to enable exporters to compete in international markets, said Federal Minister for Commerce Khurram Dastgir Khan on Tuesday
Talking to British High Commissioner (HC) Thomas Drew along with DFID Pakistan Head Joanna Reid and DFID Economic Growth Group Head Louise Walker, the minister said that due to the present government policies Pakistan had become a lucrative market for the investors.
He impressed upon the delegation that under PM Nawaz Sharif’s leadership, the government was giving top priority to the exporters and traders and had already facilitated the exporters through zero-rating, unprecedented cuts in exports financing rates, uninterrupted supply of electricity and gas, regular reduction in electricity bills and improved law and order situation.
British HC Thomas Drew said that Pakistan offered a huge commercial market to the British investors. He discussed with Dastgir ways and means for further improving trade between Pakistan and UK, and stressed the need for putting into effect trade agreements between the two countries so that both the countries could be benefitted.
The minister noted that bilateral trade was still below its true potential. “Pakistan and UK have great potential to increase bilateral trade, and both the countries should facilitate the private sector to explore all untapped areas of mutual cooperation to take the two-way trade to higher levels,” the minister asserted.
Dastgir informed the delegation that Ministry of Commerce was diligently working on different initiatives like tariff reforms for raw materials, easing the movement of goods and developing E-commerce framework.
“E-commerce is getting more and more attention from the entrepreneurs and consumers, both local and international, and it will certainly boost Pakistan’s exports,” the minister concluded.