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Pakistan’s fan industry has urged the government to limit exports of key raw materials like copper and aluminium to support domestic manufacturing and value addition.
Citing the impact on domestic manufacturing, Pakistan’s electric fan industry has expressed worries over the export of important raw materials, such as copper and aluminium.
Industry participants emphasised that rising raw material exports are impacting local production capacity and value-added manufacturing at a virtual conference with the Ministry of Finance.
In order to preserve export activity while guaranteeing local industries have sufficient access to necessary inputs, they asked the government to adopt a balanced policy approach.
Industry stakeholders assert that the availability of these materials is essential for maintaining production levels, especially in industries that depend on manufactured and processed items for exports.
The necessity of encouraging value addition domestically as opposed to exporting raw commodities unprocessed was another topic of discussion.
Officials acknowledged the issues brought up and emphasised how crucial it is to match trade policy with the demands of domestic manufacturers.
The problem is a reflection of more general difficulties that industries that rely on both locally and internationally obtained raw resources confront, especially when it comes to preserving competitiveness and guaranteeing steady output.
The interaction demonstrates the continuous discussion on trade policy and industrial support initiatives between the government and industry stakeholders.
