For achieving an ambitious export target of $31.125 billion for the present financial year, Prime Minister Imran Khan has directed the newly formed National Export Development Board (NEDB) to satisfy thrice during a month and resolve all issues faced by the export industry.
The PM assured the businessmen of rendering his full support by taking ownership of the board.
“There are going to be two meetings of the board to be held during a month by the ministries of commerce and trade. I [PM] will myself preside over the third meeting which will discuss the outcome of the last two meetings and take remedial measures resulting in boost the exports,” Pakistan Ready-made Garments Manufacturers and Exporters Association (Prgmea) chief organizer Ijaz Khokhar quoted Prime Minister Imran Khan as having said within the board’s first meeting persisted Aug 2.
During the meeting, the PM was briefed by the commerce ministry about the country’s export performance in 2020-21. The PM was told that the country’s exports had been divided into three major categories— textiles, agro and non-agro products. The textile & apparel sector exports had been projected at $15.380bn for 2020-21 whereas for FY22 the target is fixed at $20bn.
Similarly, the Agri sector’s exports were projected at $4.341bn for FY21 whereas for the continued financial year the target is $4.858bn. The FY21 export target for the non-agro sector was $5.578bn while for FY22 it’s projected at $6.357bn.