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Competitive Improvement Exercise Of Engineering Sector 2021-22

In line with its previous practice, EDB initiated the annual competitiveness and efficiency exercise for the budget year 2021-2022 with the basic objective to solicit proposals from engineering industry specifically focusing on Make in Pakistan, increasing competitiveness of local manufacturing and enhancement in exports of engineering goods. A number of interactive sessions were held with individual companies, associations and industrial clusters of engineering sectors to firm up proposals for making the engineering sector more competitive.

Engineering sector holds great importance in the world economy, and potential for Pakistan, as its share in global trade is more than fifty percent.

EDB’s summary of recommendations to the government for making the engineering industry competitive included increase in regulatory duties on finished products, reduction of duties and taxes on raw materials and intermediate goods, removal of anomalies in the cascading duty structure, and simplification of rules and procedures.

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