Islamabad: Pakistan is steadfast in its ambition to reach a $100 billion annual export target by 2035 through a series of trade reforms and enhanced market access, according to Rana Ihsaan Afzal Khan, the Coordinator to the Prime Minister on Commerce and Industries. Khan outlined the government’s strategy during a recent conference, emphasizing the need for structural changes and export diversification to drive this economic transformation.

According to Press Information Department, Khan addressed the attendees at the 39th Annual General Meeting and International Conference of the Pakistan Society of Development Economists, held at the Pakistan Institute of Development Economics, where he detailed the government’s plan to transition to an export-oriented economy. The conference, themed “Mission $100 Billion: The National Race for Sustainable Export-led Prosperity,” convened a diverse group of policymakers, economists, researchers, and business figures to deliberate on strategies for boosting Pakistan’s exports.

Khan highlighted several initiatives, including the National Tariff Policy 2025-30, which aims to streamline tariffs and reduce customs duties to enhance industrial competitiveness. He also announced the establishment of a Trade Facilitation Board to improve inter-agency coordination, reduce export logistics costs, and facilitate business operations by reviewing and simplifying regulatory requirements.

On financing, Khan revealed that efforts are being made to double SME financing and provide exporters with concessional financing options. Additionally, tax on export proceeds has been reduced in the 2026-27 federal budget to alleviate financial pressures on exporters.

Khan also noted Pakistan’s advancements in international trade agreements and negotiations with countries in Asia and Africa, as well as ongoing efforts to strengthen international business linkages through trade exhibitions. He underscored the potential for diversifying Pakistan’s export base in sectors like artificial intelligence, ICT services, and agriculture.

During the conference, Dr. Faheem Jehangir and Dr. Nadeem Javaid from PIDE identified key challenges such as policy inconsistency and high trading costs, urging for policy continuity and export-oriented investments. The conference also recognized outstanding research contributions, with awards given to top researchers.

Khan concluded by assuring that the conference’s recommendations would be considered for the government’s trade reform agenda, expressing optimism that through persistent reforms and cooperation, Pakistan can achieve its export goals by 2035.