Exports play vital role in strengthening national economy: Rana Tanveer

LAHORE, (APP - UrduPoint / Pakistan Point News - 25th Jul, 2026) Federal Minister for National food Security and Research Rana Tanveer Hussain on Saturday said that exports played a vital role in strengthening economy and stressed the need to significantly increase Pakistan's export volume to achieve sustainable economic growth.

He said this while addressing the inaugural ceremony of Expo Faisalabad-2026 and talking to the media at Expo Centre here. He said that increasing exports would also help reduce the country's dependence on imports.

The minister said that Allah Almighty had blessed Pakistan with abundant natural resources and stressed that these resources must be utilized effectively and positively.

He said, "Pakistan is an agricultural country, and the development of the agriculture sector plays a vital role in the national economy."

He emphasized the need to adopt modern agricultural technologies to increase productivity and bring prosperity to the country, adding that the government was committed to modernizing the agriculture sector and encouraging investment in it.

The minister said Faisalabad, Pakistan's second-largest city in terms of revenue generation, was the country's industrial hub and the third-largest city.

He said Prime Minister Muhammad Shehbaz Sharif was introducing business-friendly policies aimed at facilitating the business community, promoting economic activity, and enhancing the country's exports.

The minister said the federal and provincial governments had launched various programmes to develop a skilled workforce, which would create better employment opportunities for young people.

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He further stated that the government had also introduced an Ease of Doing Business system and established the Special Investment Facilitation Council (SIFC) to facilitate investment and business activities.

Rana Tanveer said Pakistan received record workers' remittances of up to $41.6 billion in fiscal year 2025-26, but stressed that remittances alone could not drive the country's economic progress.

Referring to the export performance of Vietnam and Bangladesh, he said Pakistan had set a target of increasing its exports to $60 billion, describing the achievement of this goal as essential for strengthening the national economy."We can say goodbye to the IMF by boosting the country's exports," he remarked.The minister said Pakistani skilled workers were serving in many countries, describing it as a positive sign for the nation.He praised Finance Minister Muhammad Aurangzeb and said $10 billion had been sought under the Exchange Stabilization Support Facility to help strengthen the national economy.

Rana Tanveer also lauded Expo Faisalabad 2026, saying the city's textile industry could play a significant role in enhancing Pakistan's exports.Referring to the international situation, the minister said there had been significant economic pressure due to the US-Iran conflict."We need to make Pakistan strong, and the government is committed to providing all possible support in this regard," he added.