New trade policy to promote domestic commerce
Commerce ministry official says new institutional, legal mechanism to facilitate domestic commerce.
Islamabad (Online) - Executive Director General Ministry of Commerce & Industry Azam Muhammad says new trade policy would give sufficient focus to promote domestic commerce,one of the most important segments of Pakistan’s economy.
He said this during the visit of Islamabad Chamber of Commerce & Industry here on Sunday. He said that trade policy would be announced by end of July.
He sought the input of business community for bringing further improvement in the upcoming Strategic Trade Policy Framework 2012-15.
For this purpose, necessary institutional, legal mechanism & business processes are being established to facilitate domestic commerce regulations.
He said his purpose of visiting ICCI is to have one-to-one interaction with business community to them on board and get their input for furthering streamlining regulations to facilitate the growth of domestic commerce.
Speaking on the occasion, Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry highlighted the issues being faced in promoting domestic commerce.
He said Pakistan is being isolated and government should focus on image building of Pakistan, establish direct air links with regional countries, liberalize its strict visa policy for foreign travelers, address energy crisis on war footing basis and establish rule of law, which are key requirements to promote trade and domestic commerce.
