so, on what basis did BD and SL already have this preferrential treatment which Paksitan is just now getting after a long wait?

ohh, a sense of relief! cheers

Aoa Dear Sir, Can i get the link or list of products which will come to EU on zero% tariff and also when this law will be implemented. Your quick response will be highly appreciated. Regards Fakhar Abbas

GSP plus award would bring another era of industrial and economic progression in Pakistan.

How about improving the tourist industry as well. It will bring it much needed cash into the economy and generate goodwill for the country. Satisfied tourists going back will not be easily swayed by negative propaganda against Pakistan.

It will only be a good news for people of pakistan if more taxes are paid by textiles companies on increase business, which I doubt will happen, ofcourse it will give more access to rich companies to make more profits from EU, would it make any difference to us?

And the common man will continue to suffer...

Finance Minister Ishaq Dar said the EU status will help Pakistani exports to rise by up to $2 billion." Shall one hope that labour will get a better deal too?

It is an encouraging and welcome step for Pakistan's economy, particularly the export sectors. However, I wonder about the numerical calculations made and included in this article so quickly and 'so precisely.' Like for profits to the textiles (Rs. 1 trillion) and from the finance minister about rise in exports ($ 2 billion). This looks na

EU grants GSP plus status to Pakistan. The EU lawmakers voted 406 in favour and 186 against. It is a very high confidence upon the economy and industry of our country. This status will enable our exports to EU markets 20% at zero tariff & 70% at preferential rate. The prime minister of Pakistan welcomed this status. He always seek this way of export instead of help. He said this status was the top most priority of the present Government. He further explained that it is the confidence of international markets in the excellent quality of Pakistan products. In his Address he told that these export will be more than US$ one billion worth of products to international market. Textile industry would earn profit of more than Rs one trillion per year. This status of Pakistan will also accelerate the economic growth & create million of jobs in the country.it will further boast up the economic activities and industrial growth. By exporting more we will be able to earn foreign currency and reach to high profit markets. It will be a source of enhancing business activities and to use our raw material into a value added commodities.our country is well enriched with the raw material and labour power. When these business will flourish it will attract investment to the country. China is already interested to make industrial zones along the highways of the country. He will also make industrial corridors throughout the country, which connect our shipping harbours . Raw material & labour will be used within the country and value added products will be exported to the friendly countries.the finance minister of Pakistan rightly told that our export will rise by up to US$ two billions per year. Economic growth, industrial activities, jobs for the people, exports, profits, financial gains , construction of high ways, bullet trains system in the country, all these going forward activities will strengthen the confidence of investors, industrialist, investors, exporters, importers, business will be of much importance and will accelerate the country sources. The people will be happy to have jobs at their doorsteps . Education and welfare of the people will improve. The people who work in foreign countries will send their hard earned money to their country. Those who have spent much time and earned a lot they will bring their investment to their own country and set their industries, business, hospital, universities, shopping malls, develop their agriculture on their own lands.PAKISTAN

Very good news for Pakistan and Pakistani businessmen. Hope this will increase hiring and reduce unemployment in the long run.

Is it possible to achieve the target without Electric Supply and Peace?

It is very encouraging to hear about the GSP status to Pakistan from Europe, the government should also work to get the same status from Canada

Hmm well its a good sign, economy will grow and it will create more jobs in next 12 months

It is a great step forward, we must work now to improve Quality of our products to compete in the market.

@Adnan Khan: Very pessimist approach. When one earns he automatically becomes a source for others too because one cannot do the whole lot alone. May be the percentage could be less but one will get expertise too which will benefit in the long run to that individual.

@Burki: BD & SL businessmen deliver quality products on time. Something unknown in Pakistan.

The real challenge now lies in Pakistan's Gov't commitment to the 27 ratified conventions on which they have signed and confirmed,we will need to show to the EU parliament with tangible results our seriousness to address these issues or otherwise the facility will not last for more than a year and will be withdrawn on annual review.