PM says apex committee is for attaining self reliance

By Staff Reporter
Friday – January 8, 2021
ISLAMABAD: The prime minister (PM) Imran Khan stated, Thursday, the main objective of apex committee is to chalk out a long term plan for import substitution and increasing exports so that Pakistan becomes self reliant.

According to a press release, the PM chaired the meeting of apex committee on economic outreach in federal capital.

The special assistant to PM on national security division and strategic policy planning (SAPM-NSD-SPP) Moeed Yusuf said an extensive mapping exercise about export potential of goods and services was carried out in consultation with relevant government ministries, provinces and the private sector.

He informed that information technology (IT), textiles, agriculture, meat, leather, pottery and ceramics, machinery and auto parts, metals and surgical instruments possess an additional export potential of $31 billion.

SAPM-NSD-SPP Yusuf said a multiplier effect of additional $2 billion can be achieved from medical tourism, religious tourism, transport services, manpower, pharmaceuticals, marble and granite and salt products.

He apprised potential of additional exports worth $16.7 billion to United Arab Emirates (UAE), United States of America (USA), China, Germany, United Kingdom (UK), France, Indonesia, Spain, Algeria and Malaysia.

SAPM-NSD-SPP Yusuf presented an overview for human resource allocation, key performance indicators for foreign missions of Pakistan, human resource training and strengthening of ministerial structures.

PM Khan emphasised, international best practices need to be adopted for priority sectors and consultations with international experts is essential for achieving success.

He stressed upon the need to enhance inter-ministerial coordination and public-private partnership for increasing exports.

It was decided the commerce ministry will furnish an action plan with timelines in one week and will update the PM on weekly basis regarding progress made on priority sectors.

The meeting was attended by federal ministers Shah Mehmood Qureshi, Abdul Hafeez Sheikh, Muhammad Hammad Azhar, senators Shibli Faraz, Syed Fakhar Imam, Fawad Ahmed, advisor to PM Abdul Razaq Dawood, State Bank of Pakistan (SBP) governor Reza Baqir, SAPMs Moeed Yusuf, Faisal Sultan and senior officers.

In addition, the chief secretaries of Punjab, Sindh, Khyber Pakhtunkhwa (KP), Balochistan, Azad Jammu and Kashmir (AJK) and Gilgit Baltistan (GB) participated thorough video link.