Exports on high growth trajectory tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
ECC to okay 5-year trade framework
Had deferred approval due to observations made by SBP and FBR
Import of all goods is allowed from across the world unless specified as banned, prohibited or restricted under the Import Poli-cy order (IPO), 2020. PHOTO: FILE
ISLAMABAD:
The Economic Coordination Committee (ECC) is likely to approve the Strategic Trade Policy Framework (STPF) 2020-25.
Earlier, the economic decision-making body had deferred the matter in its meeting held on March 31 due to the observations made by the State Bank of Pakistan (SBP) and the Federal Board of Revenue (FBR).
Now, the commerce ministry has requested the ECC to take up the matter again in its meeting scheduled for Wednesday.
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Pic: Shutterstock Pakistan’s commerce ministry recently notified creation of the National Export Development Board (NEDB), which would offer strategic guidance to raise export competitiveness by improving the environment for exports and increasing export capabilities of companies. Chaired by the prime minister, it may co-opt local and overseas Pakistani experts, women and young entrepreneurs on sectoral issues. Additional representatives from private and public sectors will be invited to the NEDB on agenda basis, according to Pakistani media reports. Private sector representatives to be invited on agenda basis include those from Suraj Cotton Mills, Lahore; Sadaqat Textiles, Faisalabad; Style Textile, Lahore; Bykea, Karachi; and Nova Leathers.
Govt forms NEDB to boost exports
Prime Minister Imran Khan is the board’s chairman
PHOTO: FILE
ISLAMABAD:
The federal government has formed the National Export Development Board with Prime Minister Imran Khan its chairman, a notification issued by the Ministry of Commerce said on Friday.
According to the statement, the board will monitor government policies to boost exports. It will provide strategic guidance to increase competitiveness in exports, review trade policy implementation and progress, it added.
Members of the private sector have also been included in the board as well as its Terms of Reference (ToRs) have also been issued.
وفاقی حکومت نے نیشنل ایکسپورٹ ڈیولپمنٹ بورڈ تشکیل دے دیا jang.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jang.com.pk Daily Mail and Mail on Sunday newspapers.