ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the formulation of a mechanism to provide incentives and facilities to small and medium-sized enterprises with the potential to boost exports. This directive was issued during a meeting in Islamabad focused on enhancing the country’s export strategy.

According to Radio Pakistan, Prime Minister Sharif emphasized the significance of export-oriented industries in realizing Pakistan’s economic development objectives. He highlighted the government’s commitment to increasing exports and supporting industries by developing a strategy to promote new businesses and industries aimed at boosting exports.

The Prime Minister also pointed out that research, development, and innovation in industry and trade are crucial for enabling Pakistani products to compete in global markets. He instructed the timely payment of tax refunds to exporters to facilitate this process.

During the meeting, officials were briefed on the proposed export enhancement policy, and participants discussed suggestions and recommendations on the draft framework of the policy.