A new development plan is under consideration for the auto industry, says Dr Sohail. DESIGN: SAMAD SIDDIQUI
Ministry of Trade and Commerce’s Director General Trade Policy Dr Safdar A Sohail said on Wednesday that a sum of Rs26 billion would be spent on initiatives to promote the country’s exports under the new trade policy 2012-15.
Dr Sohail told APP on Wednesday that Rs5 billion of this amount would be spent during the ongoing fiscal year. He attributed the country’s trade deficit to heavy imports of petroleum products and raw material for fertilisers and other products.
He said a new development plan was under consideration for the auto industry which had enjoyed protection for many years without passing the benefit on to the people. He added that the government had allocated Rs20 million for the promotion of women entrepreneurs, adding that all possible steps would be taken to strengthen women entrepreneurs and chambers.
Published in The Express Tribune, March 14th, 2013.
Like Business on Facebook to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ