Govt targets export-oriented policies to promote economic growth

November 1, 2018 (MLN): Secretary Planning, Development & Reform Zafar Hasan has said that the Government is focusing on export-oriented policies to boost up the country’s exports and put economy on growth trajectory.

According to a recent press release, he said this at the talks with German Business delegation which was headed by Deputy Ambassador to Pakistan Mr. Jens Jokisch in Islamabad, on Wednesday

Members of Planning Commission and senior officials of the Ministry were also present at the meeting.

As per the press release, he underlined that there are several potential areas where German companies could invest to mutual benefit of two countries. He emphasized that the Government is committed to enhance trade.

Moreover, he said that the base of CPEC is being expanded and it is open to third party participation under bilateral arrangement.

He added that SEZs and EPZs under CPEC do not restrict participation by any other country on competitive bidding. ‘We would like German companies to invest in SEZ’s and EPZ’s under CPEC’, as mentioned in press release.

As per the bulletin, the Secretary said that the present Government is cognizant of issues plaguing the national economy and is endeavoring to overcome challenges through effective economic policy making and measures are being taken to enhance tax to GDP ratio.

Moreover, he apprised that the security situation in the country has improved significantly over the past couple of years and Pakistan is fast emerging as an attractive destination for foreign investment.

According to the report, the visiting delegation expressed interest in exploring avenues for potential economic cooperation in future between the two countries

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