News Tags

Related Keywords: Africa, big push in exports, booming regions, cheaper cargo, fashion shows in UAE, formed three year plan, freight services, Middle East, Pakistan Commerce Minister, Pakistani fashion industry, Qatar, regular supply of electricity, roadmap to raise exports, South East Asia and CHina, STPE, Strategic Trade Policy Framework, textile exports

The Pakistan Commerce Minister Khurram Dastgir Khan on the back of worrisome performance of the export sector has formed a three-year plan called "Strategic Trade Policy Framework (STPF) - 2015-18 to make a big push in exports particularly to the booming regions like Middle East Africa, South East Asia and China which has been okayed by the Cabinet Committee on Production and Exports.

Related Keywords: European duty free access scheme, exports grow, garment exports, Pakistan home textile, Strategic Trade Policy Framework, textile sector

Pakistan home textiles exports has grew to $1.1 billion from January to September – higher by $235.8 million or 27.7% over the comparative period. While, garments exports increased to $1.9 billion, showing net addition of $399 million on back of 27.1% growth due the European duty-free access scheme.

Pakistan has so far earned $910 million extra by availing the scheme, which is almost equal to the money that the country raised this month from international markets by paying almost 7% interest.