Islamabad: In a significant move to bolster Pakistan’s export capabilities, the Commerce Minister, Mr. Jam Kamal Khan, presided over the 85th meeting of the Export Development Fund (EDF) Board, approving financial projects totaling more than Rs. 8.5 billion. These funds are aimed at advancing the country’s textile, agriculture, and global branding initiatives, including participation in Expo 2025 in Osaka, Japan.
According to Press Information Department, the meeting marked the inaugural session of the newly constituted EDF Board, featuring diverse regional and sectoral representation. The board consists of members from the Ministry of Commerce, Ministry of Finance, State Bank of Pakistan, Trade Development Authority of Pakistan, and prominent figures from the private sector. This includes leaders from various industries such as Mr. Bilal Tata of Tata Best Foods, Mr. Aamir AllahWala of Tecno Group, and Ms. Mehreen Obaid of Towellers Limited, representing women-led export enterprises.
The EDF has undergone significant reforms recently, becoming an autonomous body with enhanced capabilities for direct revenue transfers and a digitalized collection system. The reforms are part of a broader strategy to boost Pakistan’s export sectors by improving infrastructure, compliance with global standards, and marketing efforts.
The approved projects include support for the textile sector, food and agriculture enhancements, and the gems and jewelry industry. Additionally, the board has sanctioned funding for research and development initiatives, such as the establishment of a Disease Diagnostic Research Centre for Mango at Sindh Agriculture University and a Design Centre at Pakistan Institute of Fashion Design in Lahore.
The funding also encompasses support for major exhibitions and conferences, including Expo 2025, which will serve as a platform for Pakistani exporters to showcase their products and engage with international buyers. The initiatives are expected to not only enhance the visibility of Pakistani products globally but also foster direct communication between exporters and the EDF to effectively address market needs.
Chairman of the EDF Board, Mr. Kamal, emphasized the board’s commitment to frequent meetings and proactive strategies to ensure the effective utilization of funds for boosting Pakistan’s exports across various sectors.