Pakistan sets up Industrial Advisory Council to meet ‘vision’ of $100 billion exports

In this picture taken on July 20, 2023, workers operate machines at the Kohinoor Textile Mills in Lahore. (AFP/File)
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Updated 07 December 2023
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Pakistan sets up Industrial Advisory Council to meet ‘vision’ of $100 billion exports

  • Pakistan’s exports for the year 2022 stood at $39.42 billion, a 24.94 percent increase from 2021
  • Pakistan needs to increase private investments and exports to sustain strong economic growth

ISLAMABAD: The Pakistani ministry of industries and production on Thursday held the inaugural meeting of a new Industrial Advisory Council (IAC), set up to realize the country’s vision of $100 billion exports.

Pakistan’s exports for 2022 stood at $39.42 billion, a 24.94 percent increase from 2021. The Industrial Advisory Council — with CEOs from leading industrial groups in Pakistan and the secretaries of industries, commerce and finance as members — aims to work exclusively on increasing Pakistani exports.

Thursday’s meeting was chaired by the Federal Minister for Industries and Production, Dr. Gohar Ejaz, “bringing together the collective expertise and insights of the industry leaders to address critical issues and propose actionable strategies for the enhancement of the country’s industrial sector,” the ministry said in a statement.

“During the meeting, each private sector member of the Industrial Advisory Council presented their perspectives and expertise. The presentations shed light on the challenges faced by the industrial sector and provided valuable, practical suggestions for its improvement.”

“This gathering symbolized a collaborative effort to harness the vast potential of Pakistan’s industrial landscape and it aligns with the national objective of achieving $100 billion in exports,” the ministry added. 

“The Ministry anticipates that the outcomes of this meeting will pave the way for innovative solutions, policy recommendations, and collaborative initiatives that will contribute significantly to the growth and sustainability of the industrial sector.”

The World Bank has said Pakistan needs to increase both private investments and exports to sustain strong economic growth. Key factors currently hindering exports include high effective import tariff rates, limited availability of long-term financing for firms to expand export capacity, inadequate provision of market intelligence services for exporters, and low productivity of Pakistani firms.

“The long-term decline in exports as a share of GDP has implications for the country’s foreign exchange, jobs, and productivity growth. Therefore, confronting core challenges that are necessary for Pakistan to compete in global markets is an imperative for sustainable growth,” the World Bank said in a report last year. 

The report recommended gradually reducing effective rates of protection through a long-term tariff rationalization strategy to encourage exports and reallocating export financing away from working capital and into capacity expansion through the Long-Term Financing Facility. 

It also advised consolidating market intelligence services by supporting new exporters and evaluating the impact of current interventions to increase their effectiveness and designing and implementing a long-term strategy to upgrade productivity of firms that fosters competition, innovation and maximizes export potential.


Opposition protests over Imran Khan’s eye treatment as government offers specialist care

Updated 36 min 38 sec ago
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Opposition protests over Imran Khan’s eye treatment as government offers specialist care

  • Opposition alliance says protest in front of parliament to continue until Khan is admitted to Shifa Hospital
  • Government says the ex-premier’s medical report will be compiled again amid judicial oversight of the case

ISLAMABAD: Pakistan’s opposition alliance staged a sit-in outside Parliament House on Friday demanding that jailed former prime minister Imran Khan be shifted to a private hospital for treatment of his worsening eye condition, as the government promised the best possible treatment and said the case was under judicial oversight.

Police locked the gates of parliament and cordoned off surrounding roads, preventing protesters from gathering in front of the building, witnesses and opposition leaders said. Security was also tightened around Khyber Pakhtunkhwa (KP) House, where officials and lawmakers from Khyber Pakhtunkhwa were stopped from approaching parliament.

The province is governed by Khan’s Pakistan Tehreek-e-Insaf (PTI) party which is in the opposition at the center.

“We have staged a sit-in for the earliest medical check-up of Imran Khan, which would take just ten minutes,” Mehmood Khan Achakzai, Leader of the Opposition in the National Assembly and head of the opposition Tehreek-e-Tahafuz-e-Ayeen-e-Pakistan alliance, told reporters at Parliament House.

“If it is conducted, we will end our protest,” he added.

In a post on X, the alliance said its leadership would continue the sit-in “until Imran Khan is admitted to Al-Shifa Hospital.”

A group of protesters, led by Khyber Pakhtunkhwa Chief Minister Sohail Afridi, also camped outside the KP House in the federal capital after an initial scuffle with police.

During the clash KP government spokesperson Shafi Jan was arrested but later released as more protesters gathered outside the facility.

Jan warned that if PTI activists were prevented from joining the main protest, they “will give a call for a countrywide strike.”

“We want to proceed toward Parliament to join the protest,” he added. “We want the Supreme Court’s verdict to be implemented that Imran Khan be shifted to Shifa Hospital, treated there and then brought back.”

The protest follows a rare prison visit earlier this month by Barrister Salman Safdar, appointed as amicus curiae by the Supreme Court to assess Khan’s health and living conditions at Rawalpindi’s Adiala jail. Safdar submitted a detailed report that was made public on Thursday.

The report said that in view of the seriousness of Khan’s ocular condition, “it is imperative that the seriousness of the condition be independently ascertained without delay.”

Safdar also recommended that the court consider involving Khan’s personal physicians or other specialists of his choice, warning that “any further delay poses a serious risk to the Petitioner’s well-being.”

According to a Feb. 6 medical report from the Pakistan Institute of Medical Sciences (PIMS) cited in Safdar’s filing, Khan was diagnosed with “right central retinal vein occlusion” after reporting reduced vision in his right eye. He underwent an intravitreal injection at PIMS and was discharged with follow-up advice.

In his interaction with Safdar, Khan said he had suffered “rapid and substantial loss of vision over the preceding three months” and claimed his complaints had not been addressed promptly in custody. He further said he had been left with “only 15 percent vision in his right eye.”

Safdar’s report noted that the 73-year-old former premier appeared “visibly perturbed and deeply distressed” over the loss of vision, though it also recorded that he expressed satisfaction with his safety, basic amenities and food provisions in prison.

Responding to the controversy, Parliamentary Affairs Minister Tariq Fazal Chaudhry rejected PTI’s claims that Khan had been suffering from an eye issue since October last year.

Speaking to reporters in Islamabad, he said Khan was visited by his sister on Dec. 2 but she did not mention the medical issue.

“Medical report will be compiled again, the chief justice of the Supreme Court is himself monitoring this case,” he said. “Wherever it will be requested, Imran Khan’s eye will be examined at.”

Chaudhry vowed there would be no negligence.

Information Minister Attaullah Tarar earlier rejected claims of mistreatment, saying the “narrative being propagated to international media” by Khan’s family had “fallen flat on its face,” and that prison records showed he enjoyed facilities “more than any other prisoner.”

Khan has been in custody since August 2023 in connection with multiple cases that he and his party describe as politically motivated. The government denies the allegation.

Concerns over his health resurfaced after authorities confirmed he had briefly been taken from prison to a hospital in Islamabad for an eye procedure. While the government said his condition was stable, Khan’s family and PTI leaders alleged they were not informed in advance and that he was being denied timely and independent medical access.