ISLAMABAD: Prime Minister Imran Khan on Thursday said that that economic future of the country was linked with enhancement of exports which so far have remained far below the actual potential.
Chairing the 80th meeting of the Board of Administrators of Export Development Fund (EDF) at his office, PM Imran said that in the past the revenue-centric economic policies with overemphasis on collection of revenues made the industry uncompetitive.
According to a statement released from his office, PM Imran said that the current government made a paradigm shift in prioritizing the competitiveness of industry vis-à-vis revenue collection.
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The prime minister while expressing serious concern over the mismatch in collection and releases of the EDF during past years, directed that timely release of EDF, which was indeed the exporters’ money, be ensured during the current year while a comprehensive system be devised for the future to ensure unhindered releases and optimum utilization of EDF for its mandated purpose.
The meeting approved budget and the schedule of activities to be held during TEXPO Exhibition 2019 at Lahore Expo Centre on 11th -14th April 2019.
The statement further read that it was also decided during the meeting that the EDF Board would also include secretary Textile Division, as its member, to ensure representation of the textile sector, being the major contributor towards exports of the country.
