Businessmen laud PM’s new incentives for export industry

The business community has expressed appreciation for Prime Minister Shehbaz Sharif’s recent announcement of incentives for Pakistan’s export industry, according to former Chairman of the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) North Zone, Adeeb Iqbal Sheikh, who spoke on Sunday. Industry leaders recognised this initiative as a crucial step toward revitalising the country’s manufacturing sector and enhancing its global competitiveness. The timely announcement comes at a critical juncture when Pakistan’s export industry faces unprecedented challenges, particularly with India’s impending free trade agreement with the European Union. There are legitimate concerns among Pakistani exporters that international buyers may shift their sourcing to India once the FTA becomes operational, which could potentially devastate Pakistan’s market