KARACHI - Pakistan could increase its export up to $1 billion from the facility given under the GSP Plus, needed special attention of the government by forming a monitoring cell to take the advantages of the status.
This was stated by former Vice President and focal person of GSP Plus FPCCI and former Chairman KATI, Gulzar Firoz in awareness seminar on GSP Plus held at Korangi Association of Traded and Industry. He said that we should get benefit of decrease in rate of duty by 3-10pc on different items as compared to good exported from China, India, Thailand and Indonesia. Pakistan is a major supplier of leather goods and textile to European countries but keeping standard is a big challenge.
Fluctuation in prices, security concerns and higher cost of production are the main challenge for the exporters, he added.
Speaking at the occasion President KATI, Syed Farukh Mazhar demanded the government to provide all facilities to exporters so that they could produce their products according to international standard and could get benefits from GSP Plus. Senior Vice President Hasham A. Razzak, Masood Naqi, Ehtesham Uddin, Director General TDAP  and Usman were also present in the seminar.