Rana Tanveer Hussain addressed a gathering at the Lahore Chamber of Commerce and Industry on 26 December, emphasizing that an export led economy is the foundation of Pakistans economic stability and that the government remains committed to accelerating export growth.
The federal minister said the administration is working closely with the business community to craft a comprehensive plan to boost exports and reduce the current account deficit. He underlined the vital role of overseas Pakistanis and credited the prime minister for sustained diplomatic efforts that have opened new market opportunities.
He told traders that the government understands their challenges and has already taken measures to ease constraints on exporters. Tax on export cotton was reduced and further relief is planned, while large support packages have been provided to the textile sector and policy rate cuts are expected to improve financing conditions for industry.
Attention to agricultural inputs was highlighted with a pledge to supply certified seeds to farmers and maintain steady fertilizer availability. The minister noted that livestock accounts for roughly 60 percent of agriculture and that improving quality in this sector is key to expanding halal food exports.
Concrete trade initiatives were outlined including efforts to increase market access in Iran where a shipment of 300,000 tonnes of rice is planned. He also urged exporters to target African and other emerging markets and said ambassadors have been directed to actively promote Pakistani products abroad.
Business leaders including Fahim Rahman Sehgal and members of LCCI were present and expressed readiness to cooperate with government efforts to meet export targets. The minister said continued policy continuity and coordination between state institutions and the private sector are essential if export growth is to translate into sustained economic recovery.
