Stakeholders have called for the formulation of long term trade policy and facilitation of the industry to promote national exports on a sustainable basis.
The call was made during a public-private dialogue (PPD) on discussing issues related to local trade and exports from Peshawar, the other day, said a press release issued here on Wednesday.
The dialogue was organized under the auspices of the Centre for Governance and Public Accountability (CGPA) in collaboration with Small & Medium Enterprises Development Authority (SMEDA).
The event was part of the project “Mobilizing Economic Reformers to Keep Critical Civic Space Open in Khyber Pakhtunkhwa Province” initiated by Center for Governance & Public Accountability (CGPA)
The session was aimed at gathering input on the issues faced by the business community of Peshawar and to discuss the possible solutions with concerned government officials via arrangement of Public private Dialogues (PPD).
This was the 10th PPD event, focused on identifying the issues pertaining to local trade in Peshawar and issues hampering exports from Peshawar.
These PPD sessions will be concluded on formation of recommended policy formation for developing conducive economic environment in Peshawar.
Entrepreneurs from Peshawar, engaged in trading & exports, members of Sarhad Chamber of Commerce, Women Chamber of Commerce, Furniture Association, Livestock and Farmers Association, officials from KP Board of Investment Pakistan, Customs department, Industries department, Trade Development Authority of Pakistan (TDAP), Small & Medium Enterprise Development Authority (SMEDA), Pakistan Hunting & Sporting Arms Development Company (PHSADC – Ministry of Industries & Production), participated in the dialogue session.
In his opening remark, Mr. Rashid Aman (Provincial Chief – SMEDA), highlighted the importance of Peshawar city and its trade potential with Afghanistan and Central Asian States. He added that the region has huge potential and its people are also capable of harvesting upcoming opportunities.
He said that in view of recent geopolitical changes in the region Peshawar may become the trade route, holding enormous potential to become hub of economic activities for the Pak-Afghan trade and the trade with Central Asian Republics (CARs). However, there is dire need to address the issues hampering local business and limiting export opportunities for the Peshawar business community. An improvised ecosystem is the right answer to achieve desired results but on the side by side there should be long term and stable economic policies in the first place. Export is the key area which should be kept on top priority while making new policies.
Giving his input, Senior Vice President, Sarhad Chamber of Commerce (SCCI), stressed upon the seriousness of the business community for solving issues and the government as well. Quoting numerous prevailing business practices and government policies due to which our country is losing business. He added, our trade share in the Afghanistan market is decreasing day by day while other neighboring countries of Afghanistan are gaining more share. Same is the case with foreign investment.
The session ended with pooling up valuable and practical suggestions from the participants.