Commerce minister stresses on formulating fiscal policy to facilitate businesses

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ISLAMABAD: Talking about the impact of the fiscal policy on trade and investment decisions, Minister for Commerce Dr Shamshad Akhtar stressed to design a fiscal policy that facilitates the businesses.

“We would like to do the spade work for the upcoming governments, so that the country could benefit in future,” she said while chairing a meeting here at the Ministry of Commerce to review the performance of the ministry.

The minister discussed in detail the short term measures that could reduce the imports and steps that could make the exports more competitive.

Secretary Commerce Younus Dhaga briefed Shamshad on the current level of exports and imports with their percentage composition.

The secretary also discussed in detail the reasons for declining exports and what short term measures and long term policy interventions are required to improve the situation in Pakistan’s favour.

He also shared an initial draft on ‘Trade-related Investment Policy Framework” with the minister.

The commerce minister appreciated the briefing given by the Ministry of Commerce and directed to give a detailed briefing in the next week on the non-essential imports of the country.

She also directed to prepare a detailed paper on the subjects by Monday and to bring in a detailed input on the structural issues faced by the Ministry of Commerce.

The officials of the ministry committed to provide a detailed input on the issue lingering on for a long time that needed a well-thought out solution.

The minister appreciated the efforts of the ministry in highlighting important issues and assured of her utmost co-operation on all matters of immediate concern.

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