EDB to be revived as per cabinet decision: Razzaq Dawood

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APP57-11 ISLAMABAD: October 11 - Advisor to Prime Minister for Commerce, Textile & Industry Production and Investment of Abdul Razaq Dawood talking with media after meeting with Mr. Rufat Mammadov Deputy Minister of Economy Azerbaijan at his office. APP photo by Saleem Rana

ISLAMABAD, Oct 11 (APP):Adviser to Prime Minister on Commerce and Textiles, Abdul Razzaq Dawood Thursday said the government had decided to revive the Engineering Development Board (EDB) by reversing the decision of previous government.
“The decision has been taken after the cabinet approval to enhance capacity and working of the prime national institution. Its role will now expand in industrial growth of the country,” he told media at the news conference here in Ministry of Industries and Production.
“We have planned to evolve a new road map for the promotion of engineering industry,” he said adding that it was the top priority of the government to increase engineering exports including exports of auto parts, motorcycles, air conditioners and other products.
He said new companies in car manufacturing would come in market to contribute in this sector. The government, he said would give priority for promotion of export-led growth and reduce dependence on imports. “We have identified several sectors to boost country’s exports,” he said.
“Primarily, we are focusing on increasing exports in engineering and Information Technology, and innovated technology through enhancing their competitiveness in global market. We would achieve exports target and additional exports for economic development and prosperity,” he said.
To a question, the adviser said the government was committed to enhancing exports and increasing manufacturing in engineering sector. “We would focus on promoting “made in Pakistan” goods and discourage imports,” he remarked.
He said business and trade delegation of Azerbaijan was in Pakistan these days to negotiate for mutual trade relations. The government was encouraging to promote trade ties with it, he said.
He said Azerbaijan and other Central Asian States had broad experience in oil sector adding that Pakistan had also great interest to promote its exports in agriculture, textiles and rice with Azerbaijan.