$10 Billion Exports Target 2002-2003
|Date of Issue (October 20, 2003)||
The crossing of the psychological barrier of U.S. $ 10 billion in Pakistan's exports is only the beginning of a long journey of robust economic growth.
Our textile and garment industry spearheaded the growth in exports, making
large investments in capacity, technology and efficiency, managing their
way through the maze of WTO and local regulatory environment, demonstrating
keen insight and flexibility to the changing world consumer and customer
Our farmers fought the drought and the growing input costs. They worked
hard at growing more wheat, enabling Pakistan to export for the first
time. Better cotton helped exporters enhance market share and now basmati
is growing in Sindh too.
Our tanners competing in a zero import duty environment, our soccer ball
producers bouncing the world cup, our surgical goods producers daring
new markets, our carpet producers readjusting to the challenges of Afghanistan
situation, our fisheries and meat exporters coping with investment needs
for phytosanitary conditions, our jewellery producers transcending the
traditional markets, our pharmaceutical producers suffering the challenges
of registration and pricing, coping with rigours of market penetration,
cutlery, fans, auto parts and furniture exporters rapidly adjusting to
the growing world requirements and technologies have made it happen.
6. Success in exports is a national achievement. Crossing the 10 billion U.S dollar mark has been the result of a close public and private sector partnership, of government providing an enabling environment with the Ministry of Commerce obtaining market access, providing force for collaborative efforts to develop sectoral road maps, rationalizing duties and tariffs, reducing cost of production, EPB spearheading transparent participation in an ever growing number of marketing events, providing prompt and accurate information and data, bridging efforts of our exporters and commercial offices abroad, guiding and facilitating exporters for day to day challenges, educating exporters on WTO and other regulatory mechanisms, managing textile quotas transparently and proactively, contributing to learnings of related stakeholders whether farmers, producers or exporters; Ministry of Finance, Central Broad of Revenue and State Bank of Pakistan managing fiscal reforms and facilitation and rescuing "hardship cases", BOI and SMEDA attracting investments and encouraging our vital SME sectors and so on.
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