FLASHNEWS:

UBG hails the tireless efforts of trade bodies in promotion of exports

Karachi, August 22, 2022 (PPI-OT):The leaders of United Business Group (UBG) have congratulated all export oriented trade bodies of Pakistan for their outstanding contribution in promotion of Pakistan’s export. UBG particularly appreciated tireless efforts of the members of trade bodies of non-textile sector. Overall growth in the non-textile sector is mainly led by the value added sector, UBG said.

UBG further added that the members of associations of leather garments, surgical instruments, sports goods and engineering products have maintained growth in exports despite challenges which is praise worthy. Pakistan is known and recognised as a main exporter of these products, UBG said.

Pakistan surgical instruments are remarked by western countries with their famous brands. UBG suggested that Pakistan commercial sections should play their role to project the image of Pakistan’s surgical brands. The export of footwear, leather and canvas footwear and engineering products have witnessed continuous growth as per PSB report which is every encouraging.

UBG has urged upon the government to reduce duty on raw material to promote export particularly export of pharmaceutical, plastic chemicals, engineering and value added textile products. UBG also appreciated that despite lesser demand in international market export of Pakistan food products posted a growth particularly rice, spices, oil seeds, nuts, meat and fruits.

UBG also demanded incentives for the promotion of IT sector, pharmaceutical, rice, sea food, meat, frozen food, as these sectors have potential to grow more than double easily. UBG also demanded incentives for establishment of cold storages and development of infrastructure of sites of trade associations which are essential for promotion of exports.

For more information, contact:
United Business Group (UBG)
Room No: 203, Second Floor,
Aiwan-e-Sanat Plot No.ST-4/2, Sector 23,
Korangi Industrial Area, Karachi, Pakistan
Tel: +92-21 35062200
Cell: +92-321-8261426