ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed the Ministry of Commerce to formulate and present its strategy to double national exports in the next five years after consulting relevant stakeholders and entrepreneurs to deal with the mounting economic and financial challenges facing the country.
The prime minister issued to instruction at a high-level meeting on the development of the export sector at a time when Pakistan’s economy is dealing with pressing financial constraints and striving for sustainable growth.
The government’s effort to bolster the economy aims to increase foreign exchange earnings and reduce the trade deficit to address the urgent need for economic rejuvenation and stability.
“The prime minister instructed to facilitate exporters in the e-commerce sector, who manufacture their products in Pakistan and export them worldwide,” said a statement issued by his office. “He instructed the commerce ministry to immediately resolve the issues of exporters of the Made in Pakistan brand.”
The prime minister also instructed to involve stakeholders in the information technology, home appliances, textiles and other sectors to boost their exports.
Suggestions for the development of the export sector in Pakistan were presented at the meeting.
Pakistan has been particularly focusing on the IT sector to increase its exports.
According to official figures released today the country’s IT export remittances shot up by $257 million, or 14.9 percent, to $1.98 billion between July 2023 to February 2024 in comparison to $1.72 billion reported during the corresponding period last year.
PM Sharif sets goal to double Pakistan’s exports in five years amid economic challenges
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PM Sharif sets goal to double Pakistan’s exports in five years amid economic challenges
- The prime minister asks the authorities to facilitate exporters in the country’s e-commerce sector
- Pakistan’s IT export remittances shot up by 14.9 percent to $1.98 billion between July 2023 to February 2024
Pakistan Super League to woo foreign investors in London roadshow today
- PCB says it has attracted “significant interest” from potential ownership groups in UK as it expands PSL to eight teams
- PSL roadshow to attract diverse audience of business leaders, potential franchise owners and cricket supporters, says PCB
ISLAMABAD: The Pakistan Super League (PSL) will host a landmark roadshow at the iconic Lord’s Cricket Ground (MCC) in London today, Sunday, to showcase the league’s commercial strength and future direction to foreign investors.
The PSL is Pakistan’s premier T20 cricket league that features six city-based teams competing for the league’s title every year. The tournament’s 11th edition is expected to be held in April and May next year.
The PCB has announced it will expand the cricket league to include two more franchises this year, raising the total number of teams to eight. The board said in a statement earlier this year that it has already received “significant interest” from potential ownership groups across the UK regarding the two new teams.
“The London Roadshow aims to build on this momentum by offering investors and cricket lovers an immersive introduction to the league, its commercial ecosystem and the strategic vision driving its next phase of growth,” the board said in a statement on Dec. 2.
The PCB said it expects to draw a diverse audience of business leaders, potential franchise owners and cricket supporters eager to engage with the league at the roadshow.
It said the initiative will showcase PSL’s commitment to global expansion, strategic partnerships and delivering world-class entertainment and cricketing excellence.
“This event is an important opportunity to deepen global partnerships and share our long-term vision for expansion and innovation,” PCB Chairman Mohsin Naqvi was quoted as saying by the board.
“We look forward to welcoming investors and cricket enthusiasts in London.”
Within a span of 10 years, the PSL has competed for viewership with some of the most prominent cricket leagues around the world, including the Indian Premier League, the Big Bash League, the Hundred and the Caribbean Premier League, among others.
