PM sets an ambitious $ 60 billion export target for Pakistan in the next five years

• Premier Shehbaz is aiming for $ 60 billion export in five years.
• Govt to reform the tariff structure for industrial expansion.
• Framework of e -commerce policy that will be finalized soon.
  

Islamabad: Prime Minister Shehbaz Sharif has instructed to develop a comprehensive strategy to boost Pakistan’s exports, setting a target of $ 60 billion in the next five years The news reported.

Chairing a meeting on Thursday, he stressed the need to prioritize key areas, including services, information technology and agriculture, to promote export growth.

The prime minister underlined the importance of increasing industrial production by reforming the tariff structure and simplifying the system. He directs his financial team to implement viable pricing reforms to accelerate financial progress and boost exports.

During the meeting, he was informed of the steps taken on the reform of the Ministry of Commerce and increasing the export target to $ 60 billion over the next five years. It was informed that the invoice has been gradually reduced over the last two years.

The Ministry of Commerce has hosted reports at international level in Pakistan every year. Consultations also continued with all interested parties in the context of Strategic Commercial Policy 2025-30. The consultation on the e -commerce policy was in the final stage of completion and will be presented for the approval of the Council of Ministers next month.

The prime minister also chaired a meeting to review the reforms in the health and pharmaceutical sector. It directs that a good -natured drug test laboratory should be created in Islamabad to ensure the quality of the drugs according to the international level.

He also ordered the launch of mobile hospitals to provide health facilities on the outskirts of Islamabad, Gilgit-Baltistan, Kashmir and Balochistan. He ordered a business in cooperation and consultation with the provincial governments against fake drugs.

He said research in the medical sector should be undertaken to increase the exports of the pharmaceutical sector. The meeting further stated that the current volume of drug exports was $ 500 million and the Ministry of Health took steps to boost exports by transferring reforms, including the provision of research facilities.

The Prime Minister also held separate meetings with members of the National Assembly Muhammad Idrees, Ehsanul Haque Bajwa and leaders of Pakistan Muslim League (N) Mohsin Shahnawaz Ranjha and Shah Muhammad Shah.

In the meantime, it is likely to approve a pack of RAS20.5 billion Ramazan proposed today (Friday). In the case of green light, the prime minister will announce the package.