Raising exports is the top priority of Pakistan, which is revamping the economy, according to Prime Minister Imran Khan, who said economic targets will be achieved by consulting the private sector. He also approved a five-year trade policy while chairing a recent meeting of Strategic Trade Policy Framework 2020-2025 and Textile Policy 2020-2025 in Islamabad.
The meeting approved priorities and strategy regarding 26 sectors under the Strategic Trade Policy Framework, according to Pakistani media reports.
The prime minister was informed that only Rs 68 billion were provided in the name of support to the textile sector in the last ten years whereas the current government has provided Rs 71 billion in the last one-and-a-half years.
Rs 27 billion were provided to the textile sector and Rs 1.4 billion to the non-textile sector in the last three months, he was informed.
The meeting also decided to further simplify refunds procedure for the business community.
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