Dastgir given additional charge of Commerce Minister

ISLAMABAD: Privatisation Minister Engineer Khurram Dastgir Khan has assumed the additional charge of Ministry of Commerce and Textile, according to the notification issued by Cabinet Division.

Khurram Dastgir understands the problems of Ministry of Commerce and its attached departments as he has worked as Chairman Standing Committee of Commerce during the tenure of Pakistan People’s Party.

Khurram wants to investigate into the NICL scam and also approved Trade Development Authority of Pakistan (TDAP) Bill to give sovereign status to the corruption-hit organisation. Criminal hearing has already been started against former TDAP CEO Abid Javed.

Commerce Ministry, FBR asked to allow export of vegitable ghee to KPK, Balochistan

ISLAMABAD: Senate Standing Committee on Commerce directed the Ministry of Commerce and Federal Board of Revenue (FBR) to allow export of 1,000 metric tonnes of vegetable ghee under Duty & Tax Remission for Exports (DTRE) scheme for the ghee manufacturers of Khyber Pakhtunkhwa (KPK) and Balochistan to promote and develop the industrial sector of these provinces.

The Senate Committee, which met here with Senator Haji Ghulam Ali in the chair, discussed mishandling of  DTRE scheme in KPK.

Senator Haji Ghulam Ali said that the scheme was started to promote and protect the industrial sector of these terrorism-hit provinces. He informed the committee that about four ghee mills had been closed for the last several years which were contributing Rs7.25 billion in terms of different duties.

Fate of Textile Ministry hangs in balance

Karachi:  The value-added textile sector has shown its sheer concern over the indifferent attitude of the government for not appointing Commerce Minister even after passing more than two months.

The Acting Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Irfan Ali said it’s really surprising that Prime Minister Nawaz Sharif has yet to name Commerce Minister or decide the fate of Textile Ministry despite the fact that he is known as pro-business leader of Pakistan.

The economic revival should be the first priority after law and order of any newly formed government but there is no Commerce Minister or Textile Minister has been appointed so far while the export sector particularly textile sector has been left to suffer and all the macro and micro issues of the trade and commerce are not being addressed. Irfan further stated that the government has appointed staunch bureaucrats as Secretary Commerce and Secretary of Trade Development Authority of Pakistan (TDAP) who are oblivious of the issues and problems being faced by the export sector.

“At this juncture when the country’s exports are at the lowest ebb, industries are closing down, exports target has become impossible to achieve and rulers are negotiating with IMF once again, the trade and industry has been left to suffer which was already battling for its survival”, Irfan said, adding that the priorities of the government which is not new anymore, are unknown. He demanded of the government to immediately name Commerce and Textile Ministers instead of abolishing the Textile Ministry.