ISLAMABAD
The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to focus on making policies for better development of engineering sector. It has told that the engineering sector has great potential to boost the exports capacity of the country and make Pakistan a self-reliant and industrialized economy.
Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that Pakistan was heavily dependent on textile products for exports while its share of textiles in global market was decreasing.
He said the engineering goods constituted around 50 per cent of the world trade while, Pakistan’s engineering goods share in overall global exports was just 0.015 per cent which was quite negligible.
It showed that the country was losing huge export potential by ignoring engineering sector of the economy. He said Pakistan could earn billions of dollars of exports by creating an enabling environment for engineering sector.
He further said all the strong economies have achieved phenomenal progress by developing engineering sector and Pakistan should also pay special attention to this important sector in order to emerge as a strong economy in the comity of nations.
