ISLAMABAD: Prime Minister Shehbaz Sharif has set an ambitious goal of achieving $60 billion in exports over the next five years, directing authorities to develop a comprehensive strategy to drive export-led economic growth.
Chairing a high-level meeting on Thursday, the prime minister emphasized the need for sustainable tariff reforms to support industrial expansion and boost exports. He highlighted the key sectors—services, information technology, and agriculture—that must be prioritized to fuel Pakistan’s export-driven progress.
Shehbaz Sharif reaffirmed that export-led economic growth is a key pillar of the Uraan Pakistan initiative, the government’s five-year economic transformation plan (2024-29) based on the 5Es framework. To support export industries, he instructed officials to reform the Export Development Fund, a program designed to train workers in the textile sector, particularly in ready-made garments and knitwear.
During the meeting, the prime minister was briefed on the Commerce Ministry’s ongoing reforms and its strategy to achieve the $60 billion target. Officials reported that:
Tariff reductions have been gradually implemented over the past two years to facilitate exports.
The Ministry of Commerce hosts international exhibitions annually to showcase Pakistani products and attract foreign buyers.
The Strategic Trade Policy Framework (2025-30) is currently under consultation with stakeholders to shape long-term trade policies.
The country’s e-commerce policy is in its final review phase and will be submitted to the Cabinet for approval next month.
To ensure Pakistani exports meet global standards, the government has also established the National Compliance Center (NCC). This center will focus on training programs to enhance the capabilities of local industries and ensure product compliance with international quality benchmarks.
With these policy reforms and sector-focused initiatives, Pakistan aims to strengthen its export-driven economy, creating new opportunities for industries and positioning itself as a competitive player in global trade.
