Islamabad: Prime Minister Muhammad Shehbaz Sharif has urged the development of a comprehensive strategy to elevate Pakistan’s exports to $60 billion over the next five years. The directive was given during a high-level meeting in Islamabad focused on assessing measures to enhance the country’s export performance.

According to a statement by Ministry of Information and Broadcasting, the Prime Minister emphasized the need for sustainable tariff reforms to spur economic and industrial growth. He pointed to the services, information technology, and agriculture sectors as key areas that could significantly contribute to export increases.

In his remarks, Prime Minister Sharif reiterated the importance of export-led economic progress within the framework of the “Uraan Pakistan” vision. To aid the development of export industries, he called for reforms in the governance of the Export Development Fund.

During the meeting, officials briefed the Prime Minister on ongoing reforms within the Ministry of Commerce. They highlighted strategies aimed at achieving the $60 billion export target, including gradual tariff reductions over the past two years and annual international-level exhibitions held in Pakistan to promote exports.

Consultations with stakeholders on the Strategic Trade Policy Framework for 2025-30 are currently underway, the briefing revealed. Additionally, the e-commerce policy is nearing its final consultation phase and is slated for Cabinet review next month. To align Pakistani products with international standards, the National Compliance Center has been established, which will develop training programs to enhance the capabilities of Pakistan’s export industries.