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

Fleeting good news
Updated 03 Dec, 2022

Fleeting good news

Indeed, there is no other option to get out of the economic mess we have created in the last few years.
Battle for spoils
03 Dec, 2022

Battle for spoils

THE spectacle playing out inside a London courtroom shines a light on the struggle for control of the assets of the...
CM Bizenjo’s complaint
03 Dec, 2022

CM Bizenjo’s complaint

BALOCHISTAN Chief Minister Mir Abdul Qudoos Bizenjo’s claim that his province is facing a financial crunch due to ...
Wayward ideology
02 Dec, 2022

Wayward ideology

Anyone who claims his legacy for themselves should not treat his words so whimsically.
Progressive stance
02 Dec, 2022

Progressive stance

THE timing of two encouraging developments in the fight against domestic violence in Pakistan could not have been...
China Covid protests
02 Dec, 2022

China Covid protests

PUBLIC protests are rare in China where the People’s Republic maintains order through a strict authoritarian code...