Province of Punjab is an important stakeholder with more than 60% share in the national exports significantly impacting the provincial economy and compelling it to address the related concerns such as productivity enhancement, modernization of productive processes, procurement policies competition laws standardization of products and services, business related regulatory framework, data collection and collation for informed planning and decision making for investment and trade promotion. Export Supply Management issues are reckoned to be effectively dealt with provincial government as recently realized and discussed with the Export Promotion Bureau resulting in a draft cooperation framework between the Punjab Government and EPB. the information of obliged issues are taking place under the tree
The province needs to build synergies with all stakeholders and play a pivotal role in implementation of policies that might generate even from the Feral Level such as labour regulations, environment standards, quality control, industrial and trade policies requiring part performance from provincial of manpower, procurement policies, health standards, etc, that now need to be addressed within an overall framework of WTO regime.
The WTO trade laws/ regulatory regime application is progressively becoming all pervasive in every possible sphere of business activity. As already stated, the provincial government is an important stakeholder and has to work harder for meeting new challenges faced by it in the highly competitive business environment both within national as well as international business arena. The Punjab has to strategically position itself to confront the challenges and opportunities thrown by the new trade regime and demands for creating an investment climate conducive to doing better business and attracting FDIs into the Province. It, being the biggest contributor in the century’s international trade, needs to exploit its comparative and competitive potential for further enhancement of its share in trade in quantitative and qualitative terms. It, therefore, needs to proactively contribute to the policy making even at Federal level and follow up implementation to gainfully benefit from the policy panacca and efficient implementation.
The Government plans to launch joint ventures under Public & private Partnership, committing huge public assets and monetary resources for equity partnership that is looked at as an attractive model of investment. This necessitates competent handling of such proposals with professional touch. This project fits into the overall policy framework of Development Plan, Vision 2020 statement made by the Chief Minister encompassing the objectives of institutional capacity building.
Enlisted below are the major functions of this wing:
- Punjab Chambers of Commerce & Industry (To resolve the issues of all Chambers of Commerce & Industry in Punjab)
- Facilitation and Coordination with Trade Organizations & Associations (e.g. PTEA, APTMA, etc)
- Arrangements of meeting of Chambers / Associations delegations Chief Minister with various stakeholders
- Plan to improve Business Climate in Punjab (Ease of Doing Business)
- Matters relating to Domestic Commerce
- Matters relating Board of Investment (BOI) Islamabad
- Investment Proposals of Individuals
- Matters of Punjab Board of Investment & Trade (PBIT)
- Comments on Bilateral Investment Treaties (BIT) with various countries
- Formulation of Investment Policy
- Matters / Issues of Foreign Direct Investment in Pakistan
- Special Export Processing Zones
- Others (PM / CM Directives on any issue relating to investment)