PBF Urges Government to Develop Long-Term Export Strategy for Economic Stability

Report by Furqan Mughal

The Pakistan Business Forum (PBF) has called on the government to formulate a long-term, Parliament-backed export strategy to ensure sustained economic growth and investor confidence.

PBF President Khawaja Mehboob ur Rehman emphasized that a cohesive, stable export policy would provide certainty to businesses and trade partners, fostering a more predictable investment environment. He stressed the need for a collaborative approach between the government, industries, and stakeholders to enhance Pakistan’s global trade competitiveness.

Highlighting the importance of a robust trade dispute resolution system, Rehman urged the government to finalize the pending legislation needed to strengthen the Trade Dispute Resolution Organization (TDRO). Efficient dispute resolution, he noted, would boost investor trust and streamline export operations.

PBF Chief Organizer Ahmad Jawad outlined key recommendations for export growth, including:

• A National Export Policy: A long-term policy, monitored by the Prime Minister, to shift the focus from regulatory control to export empowerment.
• Integration with Industrial Policy: Linking export growth with industrial development, particularly through manufacturing and import substitution.
• Transparent Export Incentives: Ensuring accountability in export subsidies and conducting regular evaluations for effectiveness.
• Energy Competitiveness: Offering globally competitive energy rates and a rebate system to lower costs for exporters.
• Stable Exchange Rate: Advocating for a controlled Pakistani Rupee exchange rate between Rs 240-250 per USD to maintain market competitiveness.
• Investment in Export Diversification: Utilizing the Export Development Fund to expand exports beyond traditional sectors like textiles.
• Global Brand Promotion: Launching a national branding program similar to Turkey’s model to elevate Pakistani brands internationally.
• Economic Diplomacy: Strengthening trade negotiations through diplomatic channels to enhance market access in key regions like the EU and USA.

The PBF remains committed to supporting policies that drive Pakistan’s export-led economic growth, urging immediate action from the government to implement these strategic initiatives.