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.
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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.
