Islamabad: The Strategic Trade Policy Framework (STPF) 2019-24 has been designed to promote export-driven economic growth, a news source quoted Advisor to PM on Commerce Abdul Razak Dawood as saying. He said that the policy’s objectives have been devised to help with this measure, as well as ensuring efficiency-driven exports.
The advisor briefed the National Assembly Standing Committee on Commerce & Textile to this effect, recently. He stated that under this SPTF, the government aims to achieve the target of innovation-driven exports in the long run. He added that this measure would help to improve the competitiveness of the industry. Furthermore, he remarked that the government was currently focused on the export-oriented sector, and was taking steps to reduce input costs, attract investments, minimise disincentives, and increase productivity.
Dawood informed the meeting—chaired by MNA Syed Naveed Qamar—that the government intended to improve the trade ecosystem. He said that it would do so by increasing institutional efficiencies and minimising the cost of doing business.
Dawood stated that the SPTF’s vision was to make Pakistan an efficient, yet dynamic, domestic market, as well as an internationally competitive export-driven economy.