The first meeting of the committee formed by the Prime Minister was held in Islamabad to review the Export Facilitation Scheme with Planning Minister Ahsan Iqbal in chair. 

On this occasion, the Federal Board of Revenue informed the meeting that Export Facilitation Scheme, has seen an increase in licenses from 800 to approximately 2,000.

He said a special drive initiated in May last year to curb misuse of license has led to significant improvements, particularly in the textile industry, which has witnessed notable value addition.

The committee directed the FBR to stop the implementation of the revised Export Facilitation Scheme for the iron and steel sector until the committee finalizes its recommendations.

Speaking on the occasion, the Planning Minister underscored the importance of achieving the ambitious target of sixty billion dollars in exports, saying that Pakistan's economic future depends on rapid and sustainable export growth.