Punjab to improve business environment The Express Tribune

Faisalabad:

The Punjab government, led by Chief Minister Osman Buzdar, is focusing on providing the best environment for trade and commerce, said Punjab Minister and Chief of CM Inspection Team Muhammad Ajmal Cheema.

Speaking at the Pakistan Lifestyle Furniture Expo on Saturday, the minister said that Pakistan’s wooden furniture industry was well-developed and had captured 95% of the country’s total market.

“There are more than 700 manufacturing units of wood furniture in Chinyot in the country, which alone meet 80% of the demand for furniture, while Gujarat is also producing world class furniture,” he said. “Similarly, Peshawar, Lahore and Karachi are also important centers of the furniture industry.”

Speaking at the expo, Zahra Faisal, director of Pakistan Lifestyle Furniture Expo, said that the furniture sector in Pakistan had great potential as it was a labor-intensive as well as capital-intensive sector. He said that while skilled artisans can create unique pieces, factories on a large scale can create countless similar units, both in which cases employment opportunities will increase in the country. It demanded that the government provide subsidies for the development of the furniture sector, especially in the early stages, besides removing obstacles in the way of promoting the sector.

Mian Tariq Misbah, president of Lahore Chamber of Commerce and Industry, said Pakistan has the potential to export up to $ 1 billion of wooden furniture if the government supports the furniture industry.

He said that export-oriented furniture industry and value-added sectors should be encouraged and facilitated by leadership. He said that exhibitions have always played an important role in promoting products, and furniture expos should be held regularly.

(With additional input from our Lahore correspondent)

Published in The Express Tribune, 18 OctoberTh, 2020.

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