ISLAMABAD: President Mamnoon Hussain on Tuesday emphasised that measures should be taken to increase country’s exports.

During a meeting with a delegation of Rawalpindi Chamber of Commerce and Industry (RCCI), he said that the government was providing all possible incentives to traders and industrialists for further enhancing country’s exports.

The chambers of commerce and industry should strive to further jack up exports through coordinated marketing efforts, with the collaboration of foreign missions in Pakistan, he said.

The government’s tax amnesty scheme announced last month also came under discussion. On this, the president said it was the responsibility of the business community to unmask tax-evaders from within their ranks.

He urged the small and medium enterprises to in­crease their exports to compete with neighbouring countries.

“India’s total exports of pharmaceutical products were over $20 billion while half of it was being contributed by a single company,” the president said.

The RCCI representatives informed the president that total annual exports of the local pharmaceutical industry were to the tune of $1bn.

President RCCI Mian Humayun Parvez lauded the economic policies of the government and expressed his support to China-Pakistan Economic Corridor (CPEC) projects for progress and prosperity of the country.

Published in Dawn, February 3rd, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Privatisation divide
Updated 14 May, 2024

Privatisation divide

How this disagreement within the government will sit with the IMF is anybody’s guess.
AJK protests
14 May, 2024

AJK protests

SINCE last week, Azad Jammu & Kashmir has been roiled by protests, fuelled principally by a disconnect between...
Guns and guards
14 May, 2024

Guns and guards

THERE are some flawed aspects to our society that we must start to fix at the grassroots level. One of these is the...
Spending restrictions
Updated 13 May, 2024

Spending restrictions

The country's "recovery" in recent months remains fragile and any shock at this point can mean a relapse.
Climate authority
13 May, 2024

Climate authority

WITH the authorities dragging their feet for seven years on the establishment of a Climate Change Authority and...
Vending organs
13 May, 2024

Vending organs

IN these cash-strapped times, black marketers in the organ trade are returning to rake it in by harvesting the ...