KARACHI: Prime Minister Muhammad Nawaz Sharif Thursday said his government was committed to make Pakistan the preferred destination for business and hoped in next three years the country’s exports would rise to US$ 50 billion.
Addressing the launch of Expo Pakistan, country’s biggest trade fair, showcasing largest collection of Pakistan’s export merchandise and services, he said that Pakistan was a land of business opportunities.
“We offer our foreign buyers a very competitive sourcing option. The captains of our industry have carved out their niche in the world market due to their production efficiencies and business ethics.”
The Prime Minister said his government was dedicated and committed to economic development of Pakistan.
“I and my team are actively engaged to bring in long term reforms in socio-economic sectors of Pakistan. We are well aware of the aspirations of the people of Pakistan and will do our utmost to vindicate the trust reposed in us,” the Prime Minister said.
He said owing to consistent efforts, his government has succeeded in enhancing Pakistan’s exports to its highest ever turnover of over US $ 25 billion during the fiscal year 2013-14.
“I am sure our entrepreneurs will maintain and further accelerate this growth momentum to achieve export level of US$ 50 billion within three years,” the Prime Minister said.
The Prime Minister said that the government recently approved its Textile Policy, aimed at doubling exports of textiles and clothing sector from existing US$ 13 billion to US$ 26 billion by the year 2019.
He said that Asia was gradually emerging as the new global economic hub and Pakistan was fortunate to be located in the high economic growth neighborhood. He said that Pakistan was currently not part of this highly competitive economic growth activity but was fully resolved to achieve a similar target.
The Prime Minister particularly highlighted the performance of Pakistani textile and apparel industry and said it was considered amongst the world’s leaders.