Gujranwala to acquire a leading position in engineering export: Razak Dawood
ISLAMABAD, Aug 22 (APP): Prime Minister’s Trade and Investment Advisor Abdul Razak Dawood on Sunday, Gujranwala industries could gain a prominent position in the export of engineered products in the years to come by increasing productive production.
Gujranwala already has an engineered product manufacturing base and the government is ready to provide all possible facilities for further innovations and improvements, he said.
The adviser said this during his meeting with the chairman of the Gujranwala Chamber of Commerce and Industry (GCCI), Umar Ashraf Mughal, as well as other business leaders.
Razak Dawood said the government is keen to introduce its non-traditional products, especially engineered products, to the international market, which has great potential to increase Pakistan’s exports.
“The government is looking for new markets, especially in the African market, where we need to increase exports of light engineering products,” he said.
He hoped that by the end of the current government’s fiscal year 2022, the country’s exports would reach $ 40 billion following the policy of trade diversification in potential trade sectors and markets.
The adviser said that diversifying exports, focusing on non-traditional sectors and increasing exports to new markets, including the African market, would not only increase the volume of the country’s exports, but would also help to reach them. export targets.
“Make in Pakistan” is the government’s priority trade policy, which aims to introduce Pakistan’s traditional and non-traditional export sectors and local products to the international trade market, he said.
He said Pakistan is now keen to make a name for itself in the world in non-traditional sectors including engineering and pharmaceuticals.
“Geographical diversification of trade and the search for new markets will further increase our exports,” he said.
Razak Dawood said that “we have decided to move towards import substitution, which will increase our exports and create more industries in the country.
He said Pakistan is heading for rapid development through correct and sound trade and economic policies.
Engineering and steel products have huge potential to become Pakistan’s biggest exports, like other most important sectors, including textiles, he said.
“We need economic sustainability for at least the next 10 to 15 years to become a major export hub on a global scale,” said Razak.
As soon as the situation in Afghanistan clears up, “we will be able to export many Pakistani products to Tajikistan, Uzbekistan and other Central Asian states.” he said.
Razak Dawood said that in order to increase the country’s exports, the government has entered into various trade agreements with various countries.
The government was trying to increase the country’s exports, while reducing imports, he said.
He said the government was aware of the problems in the steel industry.
The advisor said, “I wish there was no difference between the tariffs of industrial and commercial importers and the import of raw materials.
He said Gujranwala has good potential in the industry, especially cutlery projects, so the focus should be on the export of cutlery.
Meanwhile, the President On this occasion, the President of the Gujranwala Chamber of Commerce and Industry (GCCI), Umar Ashraf Mughal, said that by increasing production in engineering products and the steel industry in Gujranwala, “we can increase our country’s exports.
“Modern machinery and high-tech workforce can also increase our industrial output, which is likely to increase employment opportunities locally,” he said.
The President of GCCI said that with the support of the government, “we can realize a huge potential to stimulate local industrial growth, which could also improve the economy of the country.
He said that in order to increase productivity, it is necessary to introduce innovation into the local industrial structure, which requires maximum resources from the government.
He said he hoped that trade adviser Razak Dawood would solve the problems of the business community in Gujranwala in order to increase local industrial production and increase the country’s exports.