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NA committee wants export emergency to promote trade

NA committee wants export emergency to promote trade

ISLAMABAD: Members of Senate Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation have advocated for declaring emergency for export sector in order to promote external trade.

The members during a meeting, chaired by Qaiser Ahmad Sheikh, highlighted the importance of resolving issues of export sector for the best national interest. The issues included, refund claims, double duty in clearing goods in different provinces, banking issues related to exports, limitations of Rs180 billion export package etc. The committee recommended for convening a consultative meeting of all stakeholders wherein the representatives from Ministry of Commerce, Ministry of Textile and Ministry of Finance would be called to help resolve the issue.

MNAs Asad Umar and Abdul Manan were of the view that the committee must look into the matter why the exports from the country were on declining trend and urged for taking emergency steps to promote exports sector.