ISLAMABAD: The Export Advisory Council, headed by Pakistan’s Commerce Minister Dr. Gohar Ejaz, held its inaugural meeting in Islamabad and formulated a concrete strategy to boost exports to $100 billion.
Alongside the Commerce Minister, other notable figures in the export sector included in the council are Mussadiq Zulqarnain, Fawad Anwar, Shahid Surti, Mian Ahsan, Yaqub Ahmed, Aamir Fayyaz Sheikh, Shahid Abdullah, and Ahmed Kamal. Leveraging the collective wisdom and expertise of these industry leaders, the meeting addressed pressing challenges confronting Pakistan’s exports.
During the meeting, the council focused on identifying practical solutions to enhance the global competitiveness of Pakistan’s textile industry. Private sector members contributed their insights, shedding light on critical issues and proposing strategies for their resolution.
Commerce Minister Dr. Gohar Ejaz highlighted the significance of the textile sector, acknowledging its largest share in Pakistan’s exports. Despite this, he emphasized that the sector operates below its full potential. To tackle this, the council deliberated plans to organize a Textile Expo, a dedicated platform aimed at boosting textile exports.
Export Advisory Council Targets Textile Sector
As part of the broader agenda, the council also considered proposals to elevate domestic exports to $50 billion within the next five years. Dr. Gohar Ejaz expressed confidence that, with concerted efforts and strategic initiatives, Pakistan’s textile exports can reach $50 billion, making a substantial contribution to the country’s economic growth.
Dr. Ejaz underscored the importance of increasing exports as a means to fortify national income and drive economic development. He emphasized that a robust export strategy has the potential to alleviate the burden of debt, positioning Pakistan competitively in the global market.
The Minister envisioned Pakistan’s GDP to rise to 1 trillion dollars, which could triple the average per capita income in Pakistan. He stressed the necessity of export-driven growth to address the balance of payments problem and propel the nation towards economic prosperity.
