Prime Minister Imran Khan has emphasized on chalking out a long term plan for import substitution and increasing exports to make Pakistan self-reliant.
Chairing meeting of the Apex Committee on Economic Outreach in Islamabad today (Thursday), he said international best practices need to be adopted for priority sectors and consultations with international experts is essential for achieving success.
The Prime Minister also stressed upon the need to enhance inter-ministerial coordination and public-private partnership for increasing exports.
Special Assistant on National Security Division Dr Moeed Yousaf briefed the meeting that an extensive mapping exercise about export potential of goods and services has been carried out in consultation with relevant government ministries, provinces and the private sector. He informed that Information Technology, Textiles, Agriculture, Meat, Leather, Pottery and ceramics, machinery and auto parts, metals and surgical instruments possess an additional export potential of 31 billion dollars.
Dr Moeed Yousaf further updated that a multiplier effect of additional two billion dollars can be achieved from medical tourism, religious tourism, transport services, manpower, pharmaceuticals, marble and granite and salt products. He apprised that there is potential of additional exports worth 16.7 billion dollars to UAE, USA, China, Germany, UK, France, Indonesia, Spain, Algeria and Malaysia.
SAPM on National Security presented an overview for human resource allocation, key performance indicators for Foreign Missions of Pakistan, Human Resource training and strengthening of ministerial structures.
It was decided that Ministry of Commerce will furnish an action plan in one week and update the Prime Minister on weekly basis regarding progress made on priority sectors.
Source: Radio Pakistan