In a move to ensure the successful completion of critical reforms, the Commerce Division has proposed the rehabilitation of the existing board of administrators of the Export Development Fund (EDF) for another period of one year.
Sources told the proposal that the Commercial Division has presented a summary to the cabinet, recommending an extension of the Export Development Fund (EDF) Act 1999 under section 5 (2) and 6. This proposal is part of the ongoing efforts to enhance the effectiveness of the EDF through a comprehensive reorganization process.
The EDF board was initially re -formed and notified by the federal cabinet on August 16, 2024, and was appointed on January 23, 2025, for a one -year period, which expires on August 15, 2025. In this period, significant progress has been made, in which a detailed strategy has been implemented under the guidance of the brake propact.
The Board of Administrators of the Export Development Fund (EDF) includes several key members, including Mr. Jam Kamal Khan, Chairman of the Finance Committee for the Federal Minister of Commerce and the EDF Board, as well as the Federal Secretary of the EDF Board and Deputy Chairman Mr. Jawad Pal. Other members include the Chief Executive of Pakistan’s Trade Development Authority, Secretary of the Finance Division, Secretary of the Industries and Production Division, and a senior official of the State Bank of Pakistan by the SBP Governor. In addition, the Presidents of various Chamber of Commerce, including the Federation of Pakistan Chambers of Commerce and Industry, the Sarad Chamber of Commerce and Industry, the Karachi Chamber of Commerce and Industry, the Lahore Chamber of Commerce and Industry, the Quetta Chamber of Commerce and Industry, and the Industry Chamber of Commerce and Industry.
Chairman of key associations, such as the Pakistan Ready Med Garments Manufacturers and Exporters Association, Pakistan Hosiery Manufacturers and Exporters Association, Rice Exporters Association of Pakistan, Pakistan Chemical Manufacturers Association and All Pakistan Fruit, and All Pakistan. The board includes Mr Bilal Shahid Anwar Rata, CEO or Tata Best Foods Limited, Mr Aamir Ahmadullahwala, CEO or Techno Group, Ms. Mehreen Obaid of Karachi, Ms. Mehreen Obed, and Secretary of the EDF Board for EDF Board and Secretary of the EDF Board.
“The current EDF board has played a vital role in initiating critical reforms and advancing,” said a commerce division official.
The Export Development Fund, which was established in 1992 and formally made through the 1999 EDF Act, is an important source of promoting Pakistan’s export capacity and promoting financial activities. The Board of Administrators is the focus of the government’s government, and its stability is considered important for long -term strategic planning and implementation.
Officials emphasized that maintaining existing members of the board will protect institutional memory and provide necessary continuity to achieve a successful result.
The proposal is currently under consideration by the federal cabinet, and its approval will market the government’s strong commitment to the institutional stability and the long -term growth of Pakistan’s export sector.