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PM Shehbaz orders measures to boost exports, diversify products and markets

Business Recorder • • 1 min read

PM Shehbaz orders measures to boost exports, diversify products and markets

Prime Minister Shehbaz Sharif has directed authorities to treat export growth as a central pillar of Pakistan's economic development, according to a PM Office statement issued after a review meeting on Tuesday. The government wants to widen the export base beyond conventional sectors by drawing in more industries and sectors. The aim is to diversify trade and strengthen Pakistan's footprint in overseas markets.

On quality, the premier asked that Pakistani goods be aligned with global benchmarks, with stronger quality assurance systems and compliance with international rules. He also urged a greater focus on value addition so that products gain competitiveness abroad. Technology, research, innovation and digital tools were highlighted as ways to modernise export-oriented manufacturing, while exporters are to face fewer administrative hurdles.

Officials told the meeting that negotiations for free trade and preferential trade deals with friendly countries are under way, alongside steps to add horticultural goods to the export basket. Local firms are being encouraged to bid for international hospital tenders, and exhibitions such as TEXPO, Health Engineering and Minerals Show and FoodAg are being held in several cities. The Export Development Fund has been restructured, and further measures are being taken through it to help the business community.

At a glance

  • Prime Minister Shehbaz Sharif directed authorities to make export growth central to economic development.
  • Measures include product standards, value addition, digital tools and a simpler, faster export process.
  • Trade deals with friendly countries and new exhibitions are being pursued to widen access to foreign markets.

Originally reported by Business Recorder

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