NA session meets

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ISLAMABAD, April 20 (APP): The National Assembly met in Parliament House here Thursday with Speaker Sardar Ayaz Sadiq in the Chair.
Minister for Commerce Khurram Dastgir told the House that Pakistan is transitioning from low growth to higher growth phase by addressing the supply side bottlenecks in energy and infrastructure sectors.
Making a policy statement, he said that the transitioning phase indicates strong positive impact on broader economic activities. The Minister said that Pakistan merchandise exports rose by ten percent in March this year. He said last month was the fourth one for this fiscal year in which Pakistan’s exports increased on yearly basis with a highest rise record in November last year, when exports rose to 6.2 percent on yearly basis.
The Minister said Pakistan’s services exports in February this year nearly doubled that is a rise of 90 percent compared monthly basis to January this year and also rose 90 percent compared to yearly basis in February last year.
He said exports of high value added textile products, oil products like readymade garments and bedware items have risen.
Khurram Dastgir Khan said Pakistan’s share in the European Union in textile market has gone up as a result of duty-free access to Pakistani products. He said Pakistan’s exports to EU have increased from 4.52 billion euros in 2013 to 6.28 billion euros in last year.
The Commerce Minister said textile exports to EU have increased by 55 percent during the same three years period. He said overall exports receipts grew by marginal 1.2 percent in second quarter of this fiscal year. He said import of Liquefied Natural Gas increased by 144 percent this year which will help mitigate gas shortage in the country and meet the requirements of the industry, especially fertilizer and power generations. He said import of LNG is also releasing local gas for domestic consumers.
Leader of the Opposition Syed Khurshid Ahmad Shah on a Point of Order asked the government to honour the Parliament and urged to uphold Parliament’s supremacy and strength.
Later, PPP members boycotted the proceedings of the House.
The House will now meet tomorrow at 10:30 a.m.
APP/ Saima /anm