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

Property valuation
Updated 31 Oct, 2024

Property valuation

Market valuation rates will not help boost tax revenues without plugging such loopholes in the system.
Hitting a wall
31 Oct, 2024

Hitting a wall

PAKISTAN still has a long way to go in defeating polio. Despite our decades-long fight against the debilitating...
Kurram violence
31 Oct, 2024

Kurram violence

DESPITE years of intermittent and bloody conflict in Kurram, the state has been unable to bring lasting peace to ...
Court business
Updated 30 Oct, 2024

Court business

The unity and commonality of purpose on display in the full court meeting are what will help the SC endure.
UNRWA ban
30 Oct, 2024

UNRWA ban

NOT content with the war of extermination it is executing against the Palestinian people, Israel now wants to ensure...
Cricket changes
30 Oct, 2024

Cricket changes

WIN or lose, Pakistan cricket seems to be embroiled in a constant state of flux. Just when things seemed to be...