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In a major step aimed at boosting Pakistan’s stagnant exports, Prime Minister Shehbaz Sharif has directed authorities to abolish the Export Development Surcharge and ordered a five year third party audit of the Export Development Fund (EDF). The decision comes as the government pushes for urgent reforms to increase export competitiveness and revive declining global market share.
The move follows recommendations presented during a review meeting of the export enhancement sub working group, formed in October to study sector wise challenges. Chairperson Musaddiq Zulqernain briefed the PM on research based findings, after which the premier instructed all departments to begin immediate implementation. Officials said Pakistan’s exports have shown minimal growth, rising only to $13.7 billion in the first four months of FY26 from $13 billion last year, while the World Bank has warned of an untapped export potential of nearly $60 billion.
During the meeting, PM Shehbaz stressed that EDF resources must be used strictly for export promotion, research and development, skill improvement and international standard facilities for exporters.
“Every rupee of the Export Development Fund must directly support export growth,” he said, urging a complete restructuring of the Trade Development Authority of Pakistan to ensure stronger global marketing of Pakistani products.
The PM also directed that a private sector chairman be appointed to ensure transparent and result oriented use of EDF funds. Officials present at the meeting included senior ministers and key economic advisers, reflecting the government’s urgency to revive export momentum.
