The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Thursday termed the strategic trade policy framework (STPF) 2015-18 as encouraging in the prevailing circumstances.
“The business community would help achieve the STPF export target of US$ 35 billion up to 2018,” said FPCCI President Abdul Rauf Alam.
However, he said the target could be achieved by simplifying tax system and ensuring uninterrupted supply of electricity and gas to the industry.
He urged for resolving problems of export sector to minimise the cost of doing business to make Pakistani products competitive in the international market. The FPCCI president stressed the need for exploring new markets with special focus on Iran and Afghanistan, adding that Pakistan could export rice, beef and other products to these countries and earn valuable foreign exchange. He also urged for prioritising value addition over the export of raw material and highlighted the importance of innovation and research.
