The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly condemned negative propaganda against Pakistan's GSP Plus Status and termed it a lifeline for Pakistan’s economy, reported 24NewsHD TV channel.
Addressing a Press conference in Karachi on Friday, Senior Vice-President of FPCCI Saquib Fayyaz Magoon said that the GSP Plus Status was awarded to Pakistan in 2013.
He said that there was a 66 percent tariff line in Europe, but Pakistan was allowed to import free of cost.
He further said that till 2026, total exports of Pakistan to European countries were $8 billion. Saquib Fayyaz said that GSP Status was granted to Pakistan from 2013 to 2023, and later it was expanded till 2027.
Saquib Fayyaz Magoon said that they should not become a part of this negative propaganda.
Pakistan had achieved remarkable success in Marak-e-Haq and there would be more efforts to lift the national economy, he added.
Saquib Fayyaz Magoon said that the textile sector plays a vital role in the export sector. He said that they accepted the challenge for a $100 billion exports target.
He assured the government of his all-out support. He asked the government to take strict action against those who are spreading negative propaganda.
Reporter: Basim Iftikhar