Karachi; President of United Business Group (UBG) Zubair Tufail, Chairman Shahzad Ali Malik, Secretary General Zafar Bakhtawari, Chairman Sindh Region Khalid Tawab, Secretary General (Sindh) Hanif Gohar and Central Spokesperson Gulzar Firoz have expressed this belief. The EU is one of Pakistan’s major trading partners, the EU is the largest export market for Pakistani goods, as it accounts for almost one-third of Pakistan’s exports.
The UBG leaders congratulated the Ministry of Commerce, including Prime Minister Mian Shahbaz Sharif and Commerce Minister Syed Naveed Qamar, on the assurance of another two-year extension to Pakistan’s GSP Plus status. Pakistan had asked the European Union for a two-year extension of the Generalized System of Preferences (GSP) plus status, which has been approved. The leaders of the Federal Minister of Commerce Naveed Qamar on behalf of Pakistan European.
He also welcomed the two-year extension of the GSP Plus program from the Union and the announcement of the EU’s effort to make the GSP Plus program tax-free. K’s review is being seen positively and it is welcome that many European countries are presenting the implementation of the GSP Plus case as a test case of Pakistan’s implementation process. The request for GSP Plus for the next 10 years will be approved.
Zubair Tufail also welcomed the approval of the Barter Trade Framework by the Cabinet and said that goods will be exchanged for goods from Central Asia, Africa, Afghanistan, Iran and China. Trade will be possible; the barter trade framework will be fully utilized for trade and through this framework Pakistan’s goods will be able to be exported to the mentioned countries.
Secretary General UBG (Sindh) Hanif Gohar said that the GSP Plus The status is very beneficial for Pakistan’s economy as it has played an important role in expanding bilateral trade That said, trade with the European Union under GSP Plus is of utmost importance for Pakistan’s economic and social stability and prosperity. competitive supply and a sustainable, ethical and rapidly identifiable textile value chain.
Central Spokesperson Gulzar Feroze said that GSP Plus is a constructive engagement for the improvement of Pakistan’s economy and promotion of economic agenda, the scheme has a positive synergy with the social agenda of the government.
