ISLAMABAD: The federal government is planning to set $40 billion target for exports in the Strategic Trade Policy Framework (STPF) 2015-18.
The draft of STPF 2015-18 is almost final and likely to be announced in August after approval from the sub-committee of the Cabinet. The draft will also be submitted before the Cabinet for final approval.
According to the sources in the commerce ministry, the government has proposed to enhance the exports to $30 billion during ongoing financial year 2015-16, $35 billion in next fiscal year 2016-17 and $40 billion by the end of year 2017-18. The overall volume of the exports in STPF 2015-18 is estimated at $105 billion.
Prime Minister Nawaz Sharif had directed the commerce Minister Khurram Dastgir Khan to double the exports from $24 billion currently to $50 billion till end 2018.
It is pertinent to mention that the government failed to achieve the targets set in the previous Strategic Trade Policy Framework 2012-15. The government failed to achieve the exports target of $95 billion in three years, as it remained under $70 billion mainly due to the poor law and order and energy situation in the country.
