PTI leader concerned at declining exports

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Women Wing Balochistan’s President Fehmida Jamali said on Thursday that TDAP and other related government body didn’t fix the things yet for the revival of exports despite the country’s total exports declined by 14.40% to $10.322 billion in the first six months of fiscal year 2015-16 from $12.058 billion during the same period last year.

“Ministry of Commerce had to announce the trade policy and the business community is looking for incentives from it. The government has delayed the launch of the trade policy by almost six months,” she said in a statement.

On year-on-year basis, the country’s exports declined by over 16.80% to reach $1.788 billion in December 2015 compared to $2.149 billion in December 2014, according to the data released by Pakistan Bureau of Statistics. However, on month-on-month basis, the exports declined by 7.58% in December 2015 compared to $1.662 billion in November 2015.

Fehmida said it was alarming situation for the country. The government must initiate effective business plan for the revival of the exports and CEO TDAP SM Muneer should be directed for implementation with effective marketing tools. “We must admit that an export strategy is an essential component of your business plan, but we have to make sure that relevant stakeholders may involved in achieving export results are aware of the plan and has a sense of engagement with it. Bring your key export goals into sharp focus – so you know exactly where to aim your efforts.”

She suggested that the Ministry of Commerce should also direct TDAP to initiate public private dialogue with the important trade bodies, including FPCCI and overseas chamber of commerce, and submit the report to the government in two months so that policy-makers must know what private sector exactly wants. “If we want to increase exports, then we have to listen to the voice of the private sector first.”

PTI leader also demanded that all parties conference (APC) may be called to seek the exact reason for the declining of the exports.