The federal government has set an Rs. 27.15 billion export target for the current fiscal year 2021-22 in the proposed Strategic Trade Policy Framework.

Sources told Propakistani that the Ministry of Commerce has set a Rs 27.15 billion export target for the current fiscal year 2021-22 in the proposed STPF 2020-25.

The exports during the year 2020-21 amounted to Rs. 25.36 billion with major contributions of the textile sector, while the export target was Rs. 24.14 billion.

Sources said that MoC has finalized the Strategic Trade Policy Framework after addressing the reservations of the State Bank of Pakistan (SBP) and the Federal Board of Revenue.

The central bank and Tax department raised certain observations in a meeting held in March, and sources said that MoC incorporated the views of SBP and FBR in the draft of STPF 2020-25.

The ECC deferred the approval last Friday, owing to the absence of the Advisor to Prime Minister on Commerce, Razzaq Dawood, and Secretary Commerce.

Source: Pro Pakistani