Pakistan sets $60bn export target for next five years

February 21, 2025 (MLN): A comprehensive and effective strategy has been directed to enhance Pakistan’s exports to sixty billion dollars in the next five years.

Prime Minister Muhammad Shehbaz Sharif issued these directions while chairing a high-level meeting to review measures aimed at increasing Pakistan's exports in Islamabad.

During the meeting, the Prime Minister instructed the economic team to introduce sustainable tariff reforms to enhance economic growth, facilitate industrial growth, and boost exports.

He underscored the importance of prioritizing key sectors such as services, information technology, and agriculture to drive export growth.

He reiterated that export-led economic progress is a crucial pillar of the "Uraan Pakistan" vision.

To support the development of export industries, the Prime Minister directed the implementation of necessary reforms in the governance system of the Export Development Fund.

The Prime Minister was briefed about the ongoing reforms within the Ministry of Commerce and the strategies in place to enhance exports to sixty billion dollars in the next five years.

The officials informed the Prime Minister that gradual reductions in tariffs have been implemented over the past two years.

Additionally, the Ministry of Commerce hosts international-level exhibitions in Pakistan annually to promote exports, according to the press release.

The briefing highlighted that consultations with stakeholders on the Strategic Trade Policy Framework 2025-30 are underway.

It was told that the e-commerce policy is in its final consultation phase and will be presented before the Cabinet for approval next month.

Furthermore, the National Compliance Center has been established to align Pakistani products with international standards.

The center will develop programs for training and to enhance the capabilities of Pakistan's export industries.

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