ISLAMABAD, Aug 22 (APP): The government has operationalized 17 sectoral councils to design policies and boost competitiveness across manufacturing and services.<\/p>\n\n\n\n
Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce and Industry, told Wealth Pakistan that the Ministry of Commerce has undertaken a comprehensive reform initiative.<\/p>\n\n\n\n
The Ministry of Commerce has established 17 sectoral councils, nine of which are for manufacturing and eight for the services sector, he said in a release issued here on Friday. The sectors include hospitality, tourism, logistics, jewellery, and minerals.<\/p>\n\n\n\n
These sectoral councils give sectoral policy recommendations. \u201cThis is a big job. We have never worked on sectoral policy before,\u201d he said.<\/p>\n\n\n\n
Integrating the private sector expertise, the council aims to cover the entire value chain, starting from raw materials up to finished goods.<\/p>\n\n\n\n
The coordinator told Wealth Pakistan that the private sector is leading the sectoral councils. \u201cWe have the working groups of stakeholders.<\/p>\n\n\n\n
They are representatives of the provincial government, federal government and private sector. They will analyze the entire sector, point out weak areas and give recommendations on the overall sector policy,\u201d he explained.<\/p>\n\n\n\n
He said that by systematically reviewing each sector, the government aims to create coherent policies that align the industrial, trade, and fiscal strategies.<\/p>\n\n\n\n
Alongside policy reforms, Pakistan continues to attract investment in key sectors. Fashion Private Limited has announced a $100 million expansion in the textile sector, reflecting confidence in the country\u2019s manufacturing potential.<\/p>\n\n\n\n
Highlighting the broader trade strategy, he said the government has announced a tariff liberalization policy on commerce. \u201cThe finance minister is chairing the Steering Committee. There are regular meetings. Work is on the strategic trade policy.<\/p>\n\n\n\n
These are all sectoral policies that will come under the umbrella of the strategic trade policy,\u201d he added.<\/p>\n\n\n\n
Rana Ihsaan confirmed progress on digital trade and regional integration. \u201cThe e-commerce policy 2.0 is on the cards. The draft is ready. We are about to finalize it. Many things are coming up. The GCC FTA is about to come,\u201d he added.<\/p>\n\n\n\n
He said sectoral councils, investment momentum, tariff rationalization and digital trade reforms will help Pakistan position its industries for greater competitiveness in regional and global markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Aug 22 (APP): The government has operationalized 17 sectoral councils to design policies and boost competitiveness across manufacturing and services. Rana Ihsaan Afzal Khan, Coordinator to the Prime Minister on Commerce and Industry, told Wealth Pakistan that the Ministry of Commerce has undertaken a comprehensive reform initiative. The Ministry of Commerce has established 17…<\/p>\n","protected":false},"author":3,"featured_media":26626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[373],"tags":[],"class_list":["post-26625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\n