The Prime Minister’s Committee for Enhancing Exports of the Manufacturing Sector has decided to establish subcommittees to tackle key structural challenges hindering export growth, including high electricity tariffs, excessive taxation, and limited value addition.
The decision was taken during a meeting held in Islamabad on Tuesday, chaired by Special Assistant to the Prime Minister Haroon Akhtar Khan. The move aligns with the federal government’s broader economic agenda of reviving industrial activity and expanding the country’s export base.
Khan underscored that enhancing manufacturing exports is essential for ensuring economic stability. He described exports as the ‘lifeline’ of Pakistan’s economy and reiterated the Prime Minister’s resolve to take practical steps for improving export performance.
Participants highlighted key bottlenecks in the sector, ranging from outdated technologies to insufficient compliance with global standards. Emphasis was placed on upgrading industrial processes and aligning products with international quality benchmarks to increase competitiveness in global markets.
In response, the chair directed the formation of subcommittees to devise actionable plans within specific timelines. Each group has been assigned targeted responsibilities, including energy pricing reform, tax rationalisation, and support for valueadded production.
The committee’s decisions are expected to feed into a broader policy framework to be proposed in the coming months, aimed at stimulating exportled industrial growth. Future meetings will monitor the progress of the subcommittees and evaluate their recommendations for government approval.