Pakistan plans to boost exports to China from $ 3 billion to $ 30 -40 billion per year

Islamabad: Pakistani Federal Minister for Planning Development and Special Initiatives A1hsan Iqbal has directed the stakeholders to step up the exports to China from current trade of US $ 3 billion to US $ 30 -40 billion per year.

He maintained that the Ministry of Commerce should align with other departments to devise a strategy on increasing trade with China.

During a briefing given to the minister here on ways to increase the import volume, Iqbal opined that the time had come to approach the market- driven approach keeping in view the global trend, while directing the officials to identify China’s market where Pakistan can tap its products.

The Minister observed that potential in Chinese markets can be tapped by phasing the market where Pakistan enjoys comparative advantage and in this respect a market driven approach should be put into practice by fulfilling the global trends and demands.

The Minister also reviewed the projects of the Ministry of Planning Development and Special Initiatives under Public Sector Development Programme (PSDP).

The Minister directed the officials to remove all bottlenecks in the execution of projects which includes Center of Excellence for China Economic Corridor Support Project, Competitive Grants for Policy Oriented Research, Green Line Rapid Transit System, National Initiative for SDGs on Nutrition, Operationalization of Green Line Bus Rapid Transport Service (BRTS) and Installation of Integrated Intelligent Transport System Equipment, Strengthening of Civil Service Registration and Vital Statistics (CRVS) System and the Construction of Pakistan Institute of Development Economic (PIDE) Campus at the H-8 sector.