LAHORE, Jan 19 :Federal Caretaker Minister for Commerce, Industries and Investment Dr. Ejaz Gohar expressed confidence in the government\u2019s efforts to steer the country\u2019s economy towards self-reliance.<\/p>\n
Addressing the 3-day 3rd Engineering and Healthcare Show organized by the Ministry of Commerce and Industries in collaboration with the Trade Development Authority of Pakistan (TDAP) at the Expo Centre here on Friday, Gohar outlined key strategies for sustained economic progress.
\nThe minister emphasized the need for the upcoming elected government to uphold the current administration\u2019s pace and policies, particularly focusing on achieving a formidable 100 billion dollar export target within the next ten years. Gohar stressed that the primary focus should be on increasing exports, and to facilitate this, the government is introducing export-friendly facilities.
\nIdentifying economic challenges as Pakistan\u2019s major issue, Gohar underscored the importance of increasing exports tenfold and strengthening various sectors, particularly textiles, agriculture, and the power sector. He revealed that despite IMF conditions, Pakistan managed to increase exports by 50 per cent in the past five months, when July 2023 export volumes was 2 billion dollars.
\nHighlighting efforts to boost the exports, Gohar announced a subsidized rate of 9 cents per unit of electricity for all industries. He affirmed the government\u2019s commitment to fortifying textiles, agriculture, and other sectors crucial for economic growth. The minister noted a monthly increase of one billion dollars in exports over the past three months, and with revised tariffs, he anticipated a doubling of the country\u2019s export figures.
\nDuring his visit to various stalls at the Expo, Minister Gohar engaged with representatives from different companies who briefed him on their manufacturing processes. Gohar concluded his address by expressing optimism about Pakistan\u2019s promising economic direction and hoped that successors would continue on this journey towards making the nation an Islamic economic power.<\/p>\n","protected":false},"excerpt":{"rendered":"
LAHORE, Jan 19 :Federal Caretaker Minister for Commerce, Industries and Investment Dr. Ejaz Gohar expressed confidence in the government\u2019s efforts to steer the country\u2019s economy towards self-reliance. Addressing the 3-day 3rd Engineering and Healthcare Show organized by the Ministry of Commerce and Industries in collaboration with the Trade Development Authority of Pakistan (TDAP) at the […]<\/p>\n","protected":false},"author":2,"featured_media":381791,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-381786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n