On February 27, 2026, the government of Pakistan, under Prime Minister Shehbaz Sharif, established a technical committee to review the Export Facilitation Scheme (EFS) amid concerns from industry representatives regarding operational constraints. The committee aims to tackle issues such as limited utilization periods for exporters, which have been cited as significant barriers to operational flexibility. During a high-level meeting, Federal Minister for Commerce Jam Kamal Khan emphasized the importance of the value-added apparel and textile sector, stating, "Pakistan is one of the few countries in the world with a vertically integrated supply chain, which is contributing significantly to the socio-economic development of the country." Meanwhile, the Karachi Chamber of Commerce & Industry (KCCI) has expressed support for the principle of "one-city, one-chamber," indicating ongoing discussions about trade organization rules that could impact local economies nationwide.
BUSINESS
Pakistan Government Reviews Export Facilitation Scheme Amid Fdi Decline
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Pakistan's government, led by PM Shehbaz Sharif, forms a committee to enhance the Export Facilitation Scheme amid declining FDI and economic challenges, aiming to boost investment and growth.
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