Traders for smooth regional trade to boost exports – Latest News – The Nation

peshawar – Traders have stressed the need for pragmatic measures to remove barriers to regional trade and have called it imperative to boost trade with the Central Asian Republics (CAR) to increase the country’s exports.

Pakistan is losing huge currency due to regional trade barriers, traders and exporters said at a joint meeting between members of the Sarhad Chamber of Commerce and Industry (SCCI) and the Chamber of Trade and Industry (WCCI) Peshawar with senior officials from the Trade Development Authority of Pakistan (TDAP) here at the chamber house on Saturday.

Speaking on the occasion, CSIC Chairman Hasnain Khurshid briefed TDAP Managing Director Naseer Ahmad on the functioning of CSIC and WCCI. The meeting was also attended by Chamber Bureau Members, Past Presidents, WCCI President Shahida Parven, TDAP Peshawar Region Director Sabz Ali Khan, Deputy Director Zahid Khan, Islamabad Director Ishaq Shinwari , AD Ayaz Muhammad and Small Industrialist’s Association (SIA) President Arif Awan. .

The meeting participants attributed the widening of Pakistan’s trade deficit due to the inability to conquer regional markets advantageously and the loss of huge foreign currency through bilateral trade and regional trade.

Speakers expressed concern that Pakistan would be economically bankrupt if the regional market could not be fully exploited. They said it would also be difficult to stabilize businesses, trade and the economy, but could be completely impossible.

Participants called on the government to take realistic steps to remove barriers and streamline trade with countries in the region and alleviate difficulties for traders, especially exporters.

TDAP CEO Naseer Ahmad said the current government and his institute are fully committed to facilitating and promoting regional trade. In this regard, he added, regional trade has been divided into three regions, including the Africa region, the Central Asia (CAR) region and the ASEAN region.

He said that the TDAP will hold a single country expo in the Central Asia region in October this year, while the second country expo will be held in December this year. J

he senior official of the TDAP has invited the business community of Khyber Pakhtunkhwa to participate in the two national exhibitions.

Naseer Ahmad assured to solve the problems of the trader community relating to regional trade in the light of the proposals of the business community.

SCCI chief Hasnain Khurshid called for the effective role of trade attachés and advisers posted at foreign missions to tap into Central Asian markets effectively.

He urged the State Bank of Pakistan to guarantee the provision of loans to exporters in order to fully exploit the investment potentials and opportunities in the countries of the region.

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