The government is all set to announce the new three-year Strategic Trade Policy Framework (STPF 2012-2015) during first week of September, with special focus on export development initiatives, launching of Export Import Bank (EXIM Bank) and measures to cope with new trade challenges. “The Policy has been devised keeping in view the financial restraints of the government to make it applicable and implement able,” a top official told APP before presenting the policy to the Prime Minister, who is likely to attend briefing on Tuesday. The three -year trade policy 2009-12 is coming to an end and new Strategic STPF (2012-2015) has been formulated in consultation with stakeholders in order to propel Pakistan’s exports making it competitive and facilitating the exporters for the benefit of the country”, the senior official remarked. The official maintained that the trade policy 2009-12 could not be properly implemented due to paucity of funds. The official said that the Textile Ministry had demanded the government funds of Rs.188 billion for the implementation of the trade policy (2009-12) for five years, but the ministry of provided just Rs.23 billion for three years.
