Islamabad, Mar 16 2025: Pakistan Business Forum (PBF) President Khawaja Mehboob ur Rehman has urged the government to implement a long-term export Strategy framework to enhance economic stability and build investor confidence.
He stressed that a comprehensive and structured export policy must be approved by Parliament, ensuring continuity and preventing disruptions caused by political transitions.
Rehman highlighted that a well-defined, parliamentary-endorsed strategy would create a predictable business climate, reassuring investors, entrepreneurs, and trade partners.
Such an initiative, he stated, would drive sustainable economic expansion, synchronizing government policies with the private sector to strengthen long-term export Strategy in Pakistan’s export industry.
Emphasizing export-led growth, he called for collaborative efforts between industries, policymakers, and stakeholders. This unified approach, he believes, will lead to a more resilient and globally competitive economy.
Additionally, he underscored the urgency of resolving trade disputes, noting that a transparent and efficient dispute resolution system is vital for fostering a business-friendly environment.
Rehman called for government intervention to ensure the passage of these legal reforms, enabling quicker trade dispute resolution and reinforcing Pakistan’s export sector.
Meanwhile, PBF Chief Organizer Ahmad Jawad shared a Comprehensive Export Strategy, advocating for a national export policy monitored by the Prime Minister to prioritize exports and economic empowerment.
The strategy should integrate key stakeholders and align with industrial policy, focusing on manufacturing expansion and import substitution.
The PBF also pushed for greater transparency in export incentives, suggesting frequent policy reviews to enhance long-term effectiveness.
READ MORE:
Reforms, EU Access, and Modernization Propel the Pakistan’s Aviation Industry Forward
Additionally, the forum recommended reforming the Export Facilitation Scheme (EFS) to incorporate more local businesses, particularly in Pakistan’s cotton industry, into global supply chains.
To boost exports, the PBF proposed a rebate system that ensures globally competitive energy costs for exporters, reducing overhead expenses.
The forum emphasized the need for strategic investments from the Export Development Fund (EDF) to diversify products, long-term export Strategy and target markets beyond traditional industries like textiles.
Furthermore, they recommended launching a National Brand-Building Program, similar to Turkey’s successful global branding initiative, to promote Pakistani products worldwide.
PBF also highlighted the importance of economic diplomacy, urging Pakistani trade missions abroad to secure better market access, particularly in Europe and North America.
These initiatives, if implemented effectively, would significantly enhance Pakistan’s export competitiveness and drive economic prosperity.
