Trade policy 2005-06 sets export target at $17b
Friday 22-07-2005
By Khalid Mustafa
ISLAMABAD: Commerce Minister Humayun Akhtar Khan announced the Trade Policy 2005-06 on Thursday. The minister set the export target at $17 billion and an import target of $21.79 billion and introduced major initiatives such as the Garment Skill Development Board, Skill Development Institutes and the liberalisation of the import policy. Special concessions were given on gems and jewellery to encourage export.
The minister announced the Trade Policy on television and radio after the cabinet formally approved it. The export target is an increase of about 18 percent over the $14.4 billion export achieved during 2004-05. The minister announced liberalisation of the import policy and more relief for importing vehicles under gift and baggage schemes.
… New customs station on Afghan border: The government in order to facilitate its $1 billion exports to Afghanistan will open a new land customs station at Qamaruddin Karez…
Subhan’allah