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, thegovernmenthasapproved Rs6bn. In order to increase the sophistication level of identified sectors fans, home appliances, rice, cut1ery 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.
