Shibli Faraz becomes Chairman Senate Standing Committee on
Textile and Commerce
Senate Standing Committee on Commerce and Textile in its
inaugural meeting of the tenure unanimously elected Senator
Shibli Faraz as its chairman.
His name was proposed by Senator Islamuddin Sheikh. The
chairman who has served the previous tenure in the same capacity
wowed to continue pushing for reducing trade deficit with many
countries and also called for an integrated approach in making
the trade environment better. A member of the Senate from
Khyber-Pakhtunkhwa, Shibli- the son of renowned poet Ahmed Faraz-is
a businessman and a writer. He buys plots, and after
constructing houses, sells them or rent them out.
In his op-ed last year, Faraz observed that the
responsibility for the fundamental drives of exports lies in
different ministries and across the provinces, and not with the
ministry of commerce.
He further wrote that when different organs of the government
handled trade and industry related policies in isolation rather
than in an integrated manner, it is difficult to develop and
implement a coherent policy framework to support an export
strategy with a whole of the government approach. During the
last six years exports have remained range bound between $19
billion and $24 billion and momentarily in the year 2013-14, for
the first time in Pakistan's history the exports crossed the $25
Alarmingly, the static and minuscule share of 1 percent of
the engineering sector in our export basket warrants to be
noticed, as globally, the engineering sector accounts for more
than 50percent of the world trade and the textile sector only
about 6 percent, he said.
Proposing massive reforms, he proposed creating an enabling
business environment including competition, investment,
institution- providing competitive access to infrastructure
facilitating reliable and efficient movement of goods to
destination markets; and ensuring product compliance with
quality and sanitary and phytosanitary standards.
Government, last year clubbed the textile division and
commerce division, to resolve the issues of the exporters and to
boost country's exports.
Many believe that Senate Standing Committee on textile and
Commerce has very little on its credit in the uplift of the
textile sector during its last tenure, but with an experienced
chairman it may do something practical this time.