Prime Minister Muhammad Nawaz Sharif said Pakistan was looking forward to enhanced interaction with international organizations in order to adopt and implement best practices for increasing the country’s share in global trade. Talking to Mrs. Arancha Gonzalez, Executive Director International Trade Centre (ITC), the Prime Minister said his government was devising a national e-commerce policy being jointly worked upon by federal ministers of Finance, Commerce and Information Technology. The Prime Minister welcomed the Executive Director on her first ever visit to Pakistan and extended gratitude for ITC’s support to the Government of Pakistan in various trade initiatives, technical assistance and capacity-building projects. Nawaz Sharif observed that the visit of ITC’s Executive Director that followed the first-ever visit of Director General World Trade Organization (WTO) underscored Pakistan’s commitment to participation in multilateral trade as a responsible, effective and positive member of the international community. The Prime Minister informed the Executive Director of his government’s efforts that stabilized Pakistan’s economy, and was on its way to achieve further higher growth trajectory in the coming months.He thanked the Executive Director for inaugurating the first-ever “She Trades” seminar in Pakistan, saying that his government was fully committed to empowerment of women at the broadest level and enhancing their participation in international trade. Mrs. Arancha Gonzalez, Executive Director said Pakistan’s economy had achieved stability and was further boosting after the improved security and law and order. She said massive investment in improving the country’s infrastructure, especially the roads and communication networks had started giving dividends. The Executive Director appreciated the government’s concrete steps which had reduced power shortages paving the way for ensuring enhanced economic activities. She said that this was her first visit to Pakistan as Executive Director International Trade Centre and what she had seen was the country on the move, a country that had made enormous progress on stabilizing the macro economic situation and improving the infrastructure, improving the security. So for country has a very little share in global trade and the economy of the country is recovering from sever crisis. Due to the implementation of some corrective measures and increase in revenues Pakistan has achieved macroeconomic stability. The law and order situation of the country is also improving and to cater the needs of the domestic consumers and industry works of power projects is underway and some projects are at mature stages and near to completion. The macro economic indicators are showing marked improvement. Due to China Pakistan Economic Corridor foreign direct investment is increasing and other countries are also looking forward to invest in different projects in Pakistan. Pakistan is still for behind than the growth of the many countries including neighbors and facing multiple crises as country’s export is decreasing. The government needs to fix these issues and should take steps to increase the production capacity of the local industries. By improving the quality of products, adopting modern technology, training human resources, value addition in products and lowering the cost of production Pakistan can compete in global markets.
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