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Home / Lahore / Huge forex reserves pouring in from deep sea fish export: Kamran Michael
Huge forex reserves pouring in from deep sea fish export: Kamran Michael

Huge forex reserves pouring in from deep sea fish export: Kamran Michael

LAHORE: Huge forex reserves has begun pouring in the country as European Union (EU) has allowed Pakistan to export deep sea fish to its market following the untiring efforts of Ministry of Port and Shipping which will strengthen the country’s economy.

This was stated by Minister for Port and Shipping Kamran Michael at the Lahore Press Club while distributing Christmas gifts to the club members belonging to Christen community.

LPC Secretary General Shahbaz Mian, minorities MPAs and other were also present on the Christmas cake-cutting ceremony.

The minister said that Pakistani fish had been denied access to the markets of European countries in 2007, however, strong steps taken by the ministry have enabled the country to export fish to the European markets and earn huge forex reserves.

“Our deep sea fish including tuna fish, tiger bone, prone, crabs, lobsters were not being exported to Europe,” the minister said.

Answering a question about GSP Plus status, he said that it is good development as the country will be able to export duty-free products to the European markets and earn forex reserves.