Senator Shibli Faraz has been unanimously elected as the chairman of the Senate Standing Committee on commerce and textile at the inaugural meeting of the tenure. A businessman and a writer, Faraz was also the chairman of the committee in the previous tenure. During the meeting, he called for an integrated approach to ensure a better trade environment.
The chairman also said that he will work towards reducing the trade deficit with many countries. Last year, Faraz had observed that the ministry of commerce of the country is not responsible for the fundamental drives of exports. Instead, different departments of the government handled the trade and industry policies. Thus, it is difficult to implement a policy framework and implement it to support an export strategy, wrote Faraz in his op-ed.Senator Shibli Faraz has been unanimously elected as the chairman of the Senate Standing Committee on commerce and textile at the inaugural meeting of the tenure. A businessman and a writer, Faraz was also the chairman of the committee in the previous tenure. During the meeting, he called for an integrated approach to ensure a better trade environment.#
Pakistan government clubbed the textile and commerce divisions last year to give a boost to the country’s export. The committee did not do anything noteworthy for the upliftment of the textile sector in the last year, however, there is hope that the experienced chairman will do something practical in this tenure, said Pakistani media reports. (KD)
Fibre2Fashion News Desk – India
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