Commerce Minister says hopefully achieve US$40bln exports target this fiscal year

Karachi: The government will hopefully achieve US$40 billion exports target in current fiscal year 2011-12, says Commerce Minister Makhdoom Amin Fahim.

“We achieved $25 billion exports target in outgoing fiscal 2010-11 with help of business community and will hopefully achieve target in this fiscal year as well with improved performance. Multilateral talks are underway to promote trade particularly with China, Central Asian States and other countries,” he said at ceremony held by Trade Development Authority of Pakistan TDAP to celebrate exports target achievement of $25 billion in outgoing fiscal year.

He said it was for first time that Pakistan got good response on non-traditional exports particularly mangoes not only in United States but UK, Australia, other countries as well through commercial offices of Pakistani embassies.

Amin Fahim said Preferential Trade Agreements PTAs were also on the table with many countries with help of business community to promote exports in coming years. “It is our endeavour to get rid of red-tapism culture from Commerce Ministry to facilitate our exporters.”

He said target of export was achieved through guidance of President Asif Ali Zardari and Prime Minister Yusuf Raza Gilani. President FPCCI, Haji Ghulam Ali expressed optimism to achieve next year’s export target. Federal Commerce Secretary Zafar Mehmood & CEO TDAP Tariq Iqbal Puri also spoke.

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