President of Korangi Association of Trade & Industry (KATI) Zahid Saeed has asked government to take every possible step to capitalize GSP Plus status. In a statement, he said that after getting Generalized System of Preference(GSP) Plus status for EU, the 90 pc of Pakistani products get access without duties in 28 European countries, and our exports increased due to this status.
Zahid said that extension of this status is not only vital for our exports but it is also necessary to face competitive challenges in international market. President KATI said that despite its economic problems Pakistan is fighting terrorism on forefront, on other hand natural calamities developed many challenges too. Any nation could not fight back poverty, illiteracy and unlawfulness without stable economy, he said. Zahid urged that importance of this issues demands focused efforts and government should also take business community in confidence to create a diverse campaign for the extension of GSP plus status.