ISLAMABAD: Strategic Trade Policy Framework (STPF) 2015-18 would focus on value addition to boost exports of the country to get market access for local business community in international markets.
The priority of the government is to concentrate on value addition especially in agriculture sector and to take measures for enhancing the trade volume of the country, said an official of Ministry of Commerce while talking to a news agency.
He said the government announced several export enhancement initiatives focusing institutional development for export potential in the region.
The official said new STPF 2015-18 is comprised of reviewing the previous export promotion schemes and introducing new export promotion strategy.
He said that the trade target in STPF 2015-18 was $40 billion in three years, which has now been revised to $5 billion by 2018.
He added the ministry would take trade enhancement initiative and it plans to allocate Rs 20 billions, out of which an amount of Rs 6 billion has already been allocated for the year 2015.
According to the plan, this fund would be disbursed to the people by State Bank of Pakistan (SBP), he said.
The official said the trade deficit has financial affect on the economy and the government is taking concrete measures to reduce the deficit in coming months.
