FPCCI lauds GSP+ for boosting exports
Business Recorder • • 1 min read

Atif Ikram Sheikh, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), praised the European Union's GSP+ scheme for lifting Pakistani exports to the bloc. According to Business Recorder, he said shipments to the EU have grown 108 percent over the past decade, a rise that he called a critical lifeline for the economy. He also thanked the EU and its mission in Pakistan for their ongoing cooperation.
Under the scheme, most Pakistani goods can reach European buyers without duty or at preferential rates, Sheikh added. He stressed that the framework gives businesses a significant export destination that reaches beyond traditional textiles. Looking ahead, he described the period up to 2029 as a key transition phase, given changing rules and rising compliance demands.
The FPCCI has called for enhanced government facilitation, awareness drives and incentives, plus task forces to help SMEs meet EU conventions on labour, human rights, environment and governance. It also asked for an end to bureaucratic delays and targeted incentives for textiles and other major sectors. Sheikh cautioned that, without structural changes, affordable energy and compliance help, Pakistan could lose access it has worked hard to build.
At a glance
- Atif Ikram Sheikh credited GSP+ with a 108 percent rise in Pakistani exports to the EU.
- Most Pakistani products reach the EU market duty-free or at preferential rates under the scheme.
- FPCCI seeks task forces, targeted incentives and fewer bureaucratic hurdles to sustain EU access.
Originally reported by Business Recorder
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More PSX market news
Copper rebounds on firmer risk sentiment and tight supply in ChinaBR• 9 Nov 2026
Indian shares inch higher to close at 8-month high as crude oil dropsBR• 9 Nov 2026
Gold price in Pakistan rises Rs3,200 per tolaMettis• 9 Nov 2026
Indian rupee breaks six-day winning streak on state banks' dollar bidsBR• 9 Nov 2026
Oil falls as Trump signals restraint on Iran despite fresh shipping attacksBR• 9 Nov 2026
NCCIA warns citizens against fake Rs13,000 PM cash reward messagesMettis• 9 Nov 2026

