ISLAMABAD: An annual export target of $35 billion by 2018 has been set in the medium-term (2015-18) Stra­tegic Trade Policy Frame­work announced on Tuesday.

The framework will be implemented with a total funding of Rs18bn in 3 years. Four major targets include: boosting expo­rts, improving competitiveness, transition from factor-driven economy to efficiency-driven and incr­easing regional trade share.

For the current fiscal year, the government has approved Rs6bn. In order to increase the sophistication level of identified sectors — fans, home appliances, rice, cutlery and sports goods — an incentive for technology upgradation will be provided in the shape of investment support of 20 per cent or mark-up support of 50pc up to a maximum of Rs1 million a year per company will be available for import of new plant and machinery.

Published in Dawn, March 23rd, 2016

Opinion

Editorial

Failure of accountability
Updated 26 Jan, 2022

Failure of accountability

THE resignation of PTI government’s accountability czar Barrister Shahzad Akbar is a blow to the party’s central...
26 Jan, 2022

New freight service

THE launch of a new railway freight service connecting the Karachi port with the industrial and commercial centres ...
26 Jan, 2022

Flying curbs

THE unexpected decision of the European Union Aviation Safety Agency to continue its ban on PIA operations to EU...
Under pressure
Updated 25 Jan, 2022

Under pressure

It is fairly obvious that PM is cognisant of the trouble that his government is in from a political and economic perspective.
25 Jan, 2022

Ukraine tensions

TENSIONS between Nato and Russia over Ukraine have reached a critical pass, and there are genuine fears of a fresh...
25 Jan, 2022

Defeating polio

WITH Pakistan in the decisive stage of the battle against polio, every vaccination campaign is of significance as it...