Ahmad Jawad, Chairman of Regional Standing Committee, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has sought concerted efforts to diversify exports of the country. An urgent and comprehensive measures were needed to contain decline in the exports as it would, otherwise, lead to negative balance of payments says Ahmed.
The FPCCI office-bearer stated that the country's current exports must be transformed into value added goods. Ahmad Jawad suggested prudence in prompt identification of export opportunities with equal attention towards sensitization of investors and the public. This was crucial to enhance their participation in the value creation process also there existed several other opportunities to strengthen supply chain of finished products pertaining to the country's untapped sector of horticulture.
There was a sizable presence of skilled human force. "Philippines, a country with half the population ours has roughly $25 billion of exports in the global out-sourcing industry (part of service sector)," says Ahmad. Similarly, he also stated, attention was needed to be paid towards tourism center and referred to Dubai that earned $36.4 of foreign exchange through tourism in 2015. "The country has got some breath-taking scenery, palatable food, and a wonderful cultural history for the global tourists, Ahmad Jawad added.
He agreed that Gwadar once developed in a proper way with foolproof security of the beaches could emerge among the best beaches in the world. Reiterating that the government needed to adopt a liberal view for export promotion, he commented that a holistic approach was needed to be adopted. Ahmad Jawad also suggested there should be a need to support entrepreneurship and to create new avenues for growth through proper guidance of the youth. Entrepreneurship creates a virtuous cycle of prosperity as the people not only get employed, create value for the society and the economy but also promote employment opportunities, he stated. The FPCCI stated that the spectacular growth of the US economy had only been possible through the culture of entrepreneurship which entailed taking risks for new ventures and not fearing from failure.
