LAHORE : Federal Finance Minister Asad Umar Monday said the
government will fully exploit the export potential of Pak-made classical
furniture to boost the export of the country besides patronizing this
sector to capture share in international furniture markets.
He expressed these views while talking to Pakistan Furniture Council (PFC)
Chief Executive Mian Kashif Ashfaq here today. The minister said that
demands of PFC were given due importance and allowed duty free furniture raw material import for furniture manufacturer registered with federal sale tax .
Asad Umar said Pakistan is blessed with artisans, craftsmen and host of
other skilled force to produce best handmade furniture in the world and it
has a huge demand in global market. He further said Pakistan was moving
forward in a better position to attract international investment and it was
highly praiseworthy that PFC was utilising full available force to create
opportunities for foreign investment in the country by creating
business-to-business contacts with foreign furniture producers.
He said that our young entrepreneurs were a great asset and future of
Pakistan and they should focus on promoting Pakistani brands in foreign
countries. He said young entrepreneurs should visit foreign countries with
proper homework on target countries and products so that they could achieve meaningful results.
Asad Umar further said that Pakistan’s investment profile had been upgraded by all leading rating agencies on account of successful economic reform and improved security situation. “All the fundamental economic indicators are now improving with exports witnessing an upward trend while the imports are decreasing and the current account deficit is also being overcome gradually,” he added.
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