Govt aims to take Pakistan’s exports to $57bn by 2025

Ministry of Commerce issues new policy which prioritises 18 sectors for enhancing country’s exports

ISLAMABAD:

The Ministry of Commerce has issued a new five-year policy to take the country’s exports to $57 billion by the year 2025.

Under the new trade policy, the government’s target it to increase exports to $57 billion, value-added textile and textile exports to $40 billion, leather exports to $1.384 billion, and rice exports to $3 billion. The target for food and beverage exports has been set at $1.53 billion and the target for fruits and vegetables has been set at $1.36 billion. The government also aims to increase exports of surgical instruments to $810 million.

18 sectors have been added to the priority list, which includes 7 traditional and 11 development sectors. A monitoring system has also been set up for the implementation of the trade policy.

The government has also formed the National Export Development Board under the chairmanship of Prime Minister Imran Khan. The board includes members of the private sector as well.

The government has also decided to form an executive committee to implement the policy. The committee will be headed by trade and investment adviser. It will submit its report to the National Export Development Board.

Rs44.72 billion have been allocated for the implementation of the policy.