Industrialization must to uplift economy

Karachi: Karachi Chamber of Commerce & Industry (KCCI) President Muhammad Haroon Agar has stated that industrialization and exports are crucial to uplift the economy of Pakistan.

Exchanging views during visit of Abid Javed Akbar, Chief Executive Trade Development Authority of Pakistan at KCCI, he asserted upon the dire need of exploring regional markets and enhance regional trade with SAARC, ASEAN, Central Asian Republics, China, Iran, India, Middle East and African countries. To achieve GSP Plus status in European Union, imperative and timely action by Government is vital. Government should also make due-deliberations to accomplish GSP+ with USA, he communicated.

He said that due to energy crisis and high cost of manufacturing export-oriented industry is facing un-competitiveness. Export figure is not truly aligned with the existing export potential. Increasing exports strategically, product diversity and exploring new markets require Government’s attention.

President KCCI urged to bring diversity in export while encouraging unexploited engineering sector, value-added agro based and halal food sector etc. To achieve a milestone in enhancement of exports, he articulated that Pakistan should focus to sign the Preferential and Free Trade Agreements particularly with India, Indonesia and Turkey to tap the SAARC, Asian and Eurasian region.

He urged to introduce legal framework to protect the exporters from unforeseen incidents like consignments losses etc. and to launch a national drive to fortify exports. Showcase or Display Centre of products “Made in Pakistan” Embassies of Pakistan abroad be introduced, he proposed. He also demanded allocation of Pakistan Pavilions in the forthcoming exhibitions in Dubai, Bangladesh, India, Canada and China by TDAP. He apprised that 10th My-Karachi Exhibition is scheduled to be organized from 5th to 7th July, 2013 wherein an international pavilion is planned beside exhibit of export products. He also sought support of TDAP to organized KCCI’s Export Trophy Awards for Karachi-based exporters.

Abid Javed Akbar, Chief Executive Trade Development Authority of Pakistan stated that TDAP believe in purposeful and result oriented efforts to enhance trade and their eyes are focused to achieve $50 Billion Exports target soon. He stated that exhibitions and delegations are organized to penetrate products “Made in Pakistan” in the countries around the globe. He informed that in the sidelines of D-8 Summit, Trade Promotion Organizations of D-8 countries met to identify top ten tradable items of respective country and prepare export strategy accordingly.

He stated that KCCI can be made focal Chamber for trade with D-8 countries. TDAP is keeping abreast business and industrial community on GSP+ 2014 in European Union. He offered TDAP’s entire support to organize Seminar on Pakistan-EU Trade on recently enforced Autonomous Trade Preferences (ATPs) with concessional tariff arrangements on 78 items. He also sought KCCI’s proposals to work on GSP+ with USA.

Chief Executive TDAP recognized Karachi Chamber as the most productive forum of Pakistan and commended its efforts for playing its imperative role to uplift the economy. He stated that TDAP organized first Expo Pakistan with the cooperation of KCCI. TDAP & KCCI, being partners is trade development, are committed to promote trade. TDAP support KCCI to organize the first My-Karachi Exhibition in 2004. He assured to continuous support in organization of KCCI’s My-Karachi annual exhibitions. KCCI will be consulted to organize sequel of Lifestyle Pakistan in India. KCCI will be offered. He also appreciated the initiative of KCCI to organize export trophy awards for Karachi-based exporters.

Chief Executive TDAP voiced that TDAP is maintaining a reservoir of market research and trade information will be share with the business community/ KCCI. He is initiating a programme to share the market research and trade information based on the weekly and fortnightly reports of Trade Officers posted in more than 40 Missions of Pakistan abroad, he said. He seconded the proposal of President KCCI to explore new products for exports as well as new markets.

He stated that he is activating the Trade Facilitation Committees to resume the exercise of direct dialogue of business and industrial community with Customs officials and others. He informed that funds have been allocated for capacity building of gems and jewellery sector wherein neighbouring country has already captured the market. Models of Bangkok, Thailand, India and Dubai have been studies to uplift gems and jewellery sector which will be activated in next few months. He asked brainstorming from KCCI for export of non-traditional products. He unveiled that one plot has been given to TDAP in Sharjah to establish permanent display centre of Pakistani products. Similar display centre in Dubai will also help. Expo Centre in Karachi will be extended with establishment of permanent display of Pakistani brands.

He stated that in the wake of energy crises, subsidies and rebates for exporters hold importance. He appreciated to recognize the services of exporters who bring valuable foreign exchange to the country. In USA Exporters exporting goods worth $50,000 are given honour. Initiatives to encourage Pakistani exporters should be taken on same lines. He endorsed the importance of regional trade. Regarding Free and Preferential Trade Agreements, he believed that such arrangements should be live with meaningful follow-ups.

Presently, trade arraignments with China were in progress. He informed that China allocated 30,000 tonnes of rice to Pakistan and he has planned to take a trade delegation of rice exporters to China. During the years, the export figure has multiplied and it will soon cross $50 billion. Trade has been graduated with the passage of time, he opined. We need to work on getting major quantity order, pool the capacity and focus manufacturing items for exports, he said.

Former President KCCI Majyd Aziz, Senior Vice President Shamim Firpo, Vice President Nasir Mehmood and the Managing Committee Members also participated in the meeting and exchanged their views and proposal to enhance trade.