Korangi Association of Trade and Industry calls for consultations on trade policy

Karachi, July 25, 2012 (PPI-OT): Trade and industry has demanded of the government to have consultations with stakeholders in order to prepare trade policy being announced next month.

The Patron In-Chief Korangi Association of Trade and Industry (KATI) S M Muneer, Chairman Ehtesham Uddin, Vice Chairmen Hasham A Razzak and Tariq Malik President AKIA, Mian Zahid Hussain and former Chairman Syed Johar Ali Qandhari In a statement have advised the ministry of commerce to have consultations with the trade and industry before finalizing the Trade Policy which is being prepared for three years.

They said that trade and industry awaiting a balanced and favourable trade policy envisaging more and more relief to the industry, provision of soft term-loans to the industry and reduction in mark up rate, exploration of new markets abroad and release of research and development funds to the exporters.

They said that a balanced and investor friendly trade policy is need of the hour so that Pakistani manufacturers could be able to compete with their competitors in the world market and enhance exports.

They further said that government should also focus on Latin American and African markets where exporters face less competition and get better margin of profit. KATI Chairman Ehtesham Uddin has also invited Commerce Minister Amin Fahim and Secretary Commerce Muinr Qureshi to visit KATI to consult salient features of the forthcoming trade policy.

For more information, contact:
Nadeem Ahmed
Press Secretary
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area,
Karachi 74900
Tel: +9221 3506 1211 -2
Cell: +92346 2012346
Fax: +9221 3506 1215
Email: kati@kati.pk