Engineering sector demands incentives from government

Engineering sector demands incentives from government

A meeting of Pakistan Electric Fan Manufacturers Association (PEFMA) was convened to discuss the problems faced by the industry and chalk out the further plan of action for improving export. Chief Executive Officer (CEO) Engineering Development Board (EDB), Raza Abbas Shah was present at the meeting along with members of National Energy Efficiency Agency (NECA) and stake holders.

While addressing the meeting the representatives of PEFMA demanded incentives from the government to help improve exports from the country.

The chairman Royal Fans informed that electric fan industry is facing a number of hurdles in exporting to overseas markets which include restrictions by banking sector on third party payments, absence of common warehousing facilities in major markets, and shipment and duty drawback issues. He requested the government to extend its support in this regard and remove these barriers so that the true export potential of this sector can be realized. He further desired that EDB’s participation in such fairs/exhibitions be ensured as only EDB has the experience to truly understand and facilitate the engineering industry

It was pointed out that Pakistani missions abroad are unable to provide reliable, accurate and comprehensive trade data on the pattern that is provided by other countries to their exporters to enable them to effectively penetrate foreign markets

Previously TDAP has been extending 50% concession to the industries participants in international trade fairs/exhibitions; however now the industry has to bear cost from its own sources.