FPCCI praises EU GSP+ scheme for driving export surge
FPCCI President Atif Ikram Sheikh says the EU Generalised Scheme of Preferences Plus has lifted Pakistan’s exports to the EU by 108% over ten years, urging the government to sustain the advantage.
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Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Export‑oriented sectors, especially Textile, gain from GSP+ growth – Buy bias on related tickers.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- TextilePositively affected
- PharmaPositively affected
- FoodPositively affected
Companies
Companies Mentioned
- INDU· Positively affected · Buy bias
Mentions in This Briefing
Sectors: Textile, Pharma, Food — Positive · Buy bias. PSX tickers: INDU. Export‑oriented sectors, especially Textile, gain from GSP+ growth – Buy bias on related tickers.
Full Story
Open on Business Recorder## FPCCI Highlights GSP+ Success
Atif Ikram Sheikh, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), praised the European Union’s Generalised Scheme of Preferences Plus (GSP+) for its pivotal role in expanding Pakistan’s exports. He noted that the preferential tariff treatment has helped Pakistani products enter the EU market at zero or reduced rates, fueling a 108 % increase in EU‑bound shipments over the past decade.
## Export Growth and Sectoral Benefits
Sheikh emphasized that the GSP+ framework has become a lifeline for the national economy, offering a major market beyond traditional textile exports. While textiles remain the largest beneficiary, the scheme also opens doors for other sectors such as leather, food products, and pharmaceuticals.
## Call for Government Support
Looking ahead to the transition period ending December 2028, FPCCI urges the government to: - Form dedicated task forces to guide SMEs on EU labour, human‑rights, environmental and governance standards. - Remove bureaucratic hurdles and provide targeted incentives, especially for textiles and other export‑oriented industries. - Ensure competitive energy pricing and structural reforms to protect market access.
## Strategic Outlook
Sheikh warned that without proactive facilitation, Pakistan could lose the hard‑won preferential access. He reaffirmed FPCCI’s commitment to work closely with both the Pakistani government and the EU mission to maximise the benefits of GSP+ and secure long‑term economic stability.