Minister for Commerce urges to design a fiscal policy that caters to business’s growth and development

Minister for Commerce urges to design a fiscal policy that caters to business’s growth and development

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ISLAMABAD: Talking about the impact of the fiscal policy on trade and investment decisions, Minister for Commerce Dr Shamshad Akhtar laid emphasis on designing 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 the short-term measures in detail that could curb imports and aid in making 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 possible reasons for deteriorating exports and the short-term measures and long-term policy interventions to improve the current 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.

Shamshad 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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