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Tuesday 23 February 2010

Increase in Exports


Instead of concentrating on decreasing imports, we must also not forget the importance of increasing exports. Imports in the productive areas can not be reduced and rise in the value of imports due to the rise in oil prices can also not be avoided. Therefore, we must increase exports by identifying new markets, arranging foreign and local exhibitions for Pakistani Products, providing low export refinancing rate and by exempting taxes related to exports oriented industries. Decrease In Export Duty: To increase exports, the Government must reduce export duty or in the best care remove any export duty for the time being to encourage people to produce more and export it.

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