Pakistan sets export target

Pakistan sets export target

ISLAMABAD: Pakistan has set itself the target of exporting US$12.1 billion worth of goods over the next two years, the country's commerce minister said over the weekend.

"The new trade policy focuses on encouraging export-oriented foreign investment," Humayun Akhtar Khan said on state-run Pakistan Television.

Under the new policy, imports have been projected to be at $12.8 billion and the trade deficit under $1 billion, Khan said.

"The new trade policy is based on the optimism derived from our high export performance last year," he said.

"We not only crossed the export target of $10.4 billion that had eluded us in the preceding years, but even surpassed the target reaching a level of $11.03 billion for the first time in our history." -- AFP