But exports will have to grow by 20pc every year to cross the maximum STPF
target of $61.
Ahmad Jawad said keeping in view the decline in exports during the past few years and failure of proposed measures in the STPF
2015-18, I think
The major focus of STPF
would boost exports in the technology and Services Sector, competitiveness and investment linkages, particularly attraction of Foreign Direct Investment (FDI) in the export related Industry and integration of local industry into global value chain.
If Pakistan is to become a powerful exporting country, the STPF
must be owned by all ministries and its implementation should be overseen by the prime minister himself,' it stressed.
The government through the STPF
2015-18 had set ambitious annual export target of $35 billion by June 30, 2018 through improving export competitiveness.
He informed that in the upcoming STPF
, Ministry of Commerce is devising the Long, medium and short term trade policy for the period of five years so that trade could benefit from the incentives announced in STPF
According to reliable sources, the ministry, keeping in view the decline in exports during the past few years and failure of proposed measures in the STPF
2015-18, will avoid making highly exaggerated projections while focusing on measures for constructive and broad-based engagements between the public and private sectors.
It had been ensured that procedural and budgetary bottlenecks were removed in the STPF
2015-18 to achieve the targets of enhancement of annual exports to US$35 billion.
2015-18 aims at income generation by increasing share in international trade through encouraging SMEs role in export growth by promoting sustainable consumption and production patterns for raising standard of living and ensuring employment generation.
The analysis of the various SRM materials clearly demonstrates the ability of the PinAAcle 900T spectrometer to generate quality data incorporating THGA tubes, longitudinal Zeeman background correction and STPF
conditions for interference-free, accurate quantitation.
He further said that in the upcoming STPF
, Ministry of Commerce is devising the long, medium and short term trade policy for the period of five years so that trade could benefit from the incentives announced in STPF
Since 2009, the government has announced three STPF
but most part of these policies remained unimplemented.