ISLAMABAD, March 9 (Xinhua) -- Pakistani Minister for Planning, Development and Special Initiatives Ahsan Iqbal said the country has been supporting export-led industries to promote economic growth and bring prosperity.
"The government's export facilitation strategy is aimed at providing a comprehensive framework to support investors and enhance Pakistan's export potential to the fullest," the minister said while chairing a meeting on Friday.
He said that developing the export sector was not just a policy objective, but a fundamental necessity for national economic stability, security and sovereignty, adding that Pakistan's economic future depends on rapid and sustainable export growth.
Underscoring the importance of achieving Pakistan's target of 60 billion U.S. dollars in exports, Iqbal said that businesses must adopt efficiency-driven models, leveraging innovation and technology to secure a strong position in global markets.
Given the changing global trade landscape, marked by rising tariffs and protectionism, the minister emphasized the need for Pakistan to strengthen its production and industrial base to remain competitive.
He said that capital investment would be the top priority to enhance Pakistan's presence in international trade and attract foreign investment.■
