Prime Minister Shehbaz Sharif has asked officials to prepare a plan to increase agricultural exports, speed up tax refunds, and reduce Pakistan’s trade deficit as the government pushes for export-based economic growth.
Prime Minister Shehbaz Sharif chaired a meeting in Islamabad on Wednesday to review Pakistan’s export situation. During the meeting, he directed officials to prepare a detailed plan to increase exports, especially from the agriculture sector, and reduce the country’s trade deficit.
According to a statement issued by the Prime Minister’s Office, Shehbaz Sharif said export-led growth remains the government’s main economic goal. He said Pakistan must earn more foreign exchange by selling its products abroad instead of relying on imports and loans.
The prime minister stressed that stronger exports are necessary to support the economy, improve foreign reserves, and maintain stability after recent financial pressure.
Focus on Agriculture and Rice Exports
Shehbaz Sharif instructed officials to give special attention to agricultural exports. He directed them to work closely with the Rice Exporters Association to increase rice exports.
Officials told the meeting that Pakistan is holding talks with several countries to sign government-to-government agreements. These agreements aim to expand rice sales in international markets and secure long-term buyers.
Tax Refunds and Institutional Reforms
The prime minister warned officials against delaying tax refunds for exporters. He said delays create cash problems for businesses and damage export growth.
He ordered fast institutional reforms to make export procedures easier. He said government departments must support exporters instead of creating hurdles.
Other Export Sectors and Infrastructure
Officials briefed the meeting on plans to grow exports from other sectors. These include engineering items, pharmaceuticals, medical devices, and processed food items.
The government also plans to improve systems of ports and logistics. This includes faster cargo handling and better transport links to reduce costs and delays for exporters.
Bigger Economic Strategy
The Prime Minister’s Office said the government wants to move away from consumption-based growth. The focus is now on exports to bring in foreign exchange and reduce the trade gap.
