National News

ISLAMABAD, (APP): The export target of $35 billion set in the
Strategic Trade Policy Framework (STPF) 2015-18 is realistic and achievable, a top official of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), said.
“This is an achievable target and government through the
policy framework has provided incentives to the business community which would help meet this goal,” FPCCI Chairman Coordination, Malik Sohail Hussain told APP.
He said that the energy crisis have been resolved to a great extent and
industry has been provided gas supply which helped enhance production, adding that government has been fulfilling its commitment to totally overcome the gas and power crisis by 2017.
“If this goes smoothly, the exports from the country would definitely
increase,” he remarked.
Malik urged for resolving problems of export sector to minimize
the cost of doing business to make Pakistani products competitive in the international market. He stressed the need for exploring new markets with special focus on Middle East and African countries.
He also urged for prioritizing value addition over the export of raw
material and highlighted the importance of innovation and research.
Malik Sohil lauded the STFP, saying that it would go long way in promoting trade from the country and attracting investment inflows.
It is pertinent to mention here that Minister of Commerce Minister for
Commerce Engineer Khurram Dastgir Khan announced Strategic Trade Policy Framework 2015-18, fixing a realistic and achievable export target of $35 billion.
The policy focuses on competitiveness, efficiency driven and innovation
driven economy and increase in regional trade, besides facilitating the exporters