ISLAMABAD: Adviser to the Prime Minister on Commerce, Industry, Textile and Board of Investment (BoI) Razak Dawood on Monday said that the Pakistan Tehreek-e-Insaf (PTI) government would not leave the people alone in these difficult times.
He was talking to reporters after inaugurating the Pakistan Tobacco Company’s exports project titled “Made in Pakistan 2.0 & Future Manufacturing Investments to enhance exports” at a local hotel in the federal capital.
“We are passing through difficult times as the stock market is collapsing and the oil war has started. We have to take prudent policies in these difficult times,” the adviser said, and added that the federal cabinet would discuss this situation in Tuesday’s meeting.
Dawood said that the premier would approve the textile policy in two to three days as the textile sector was facing capacity issues, adding that the new policy would hopefully solve such issues.
He further said that the Ministry of Commerce would also approve the Strategic Trade Policy Framework with the consent of the prime minister. The government’s focus in the upcoming policy is to increase the country’s exports, he added.
About the resignation of BoI Chairman Zubair Gilani, the adviser said that he had resigned on personal grounds. “Gilani is a professional man and I do not have any link with his resignation,” he added.
To another question, Dawood said that oil prices in the international market plunged to $31, which was good for Pakistan as “we can get some fiscal space but in this scenario, we have to make decisions cautiously”.
Earlier, the adviser said that he was glad to hear that PTC was launching its second project in Pakistan and that the other companies should follow the suit. “It sounds great that the company is now increasing its exports to $50 million from $30m,” he added.