Federal Cabinet approves Strategic Trade Policy Framework (STPF) 2020-25

Government of PakistanFederal Cabinet approves Strategic Trade Policy Framework (STPF) 2020-25

ISLAMABAD, Pakistan: The Federal Cabinet has approved the Strategic Trade Policy Framework (STPF) 2020-25.

The approval was accorded when the Cabinet met in Islamabad on Tuesday with Prime Minister Imran Khan in the Chair, the Prime Minister’s Advisor on Commerce and Investment Abdul Razak Dawood said.

   

The main focus of the STPF 2020-25 will be as follows;

1) Geographical & Product Diversification

2) Manufacturing cost reduction through tariff rationalization

3) Pursuit of Regional Connectivity & Look Africa policy

4) Enhancement of market access through Free Trade Agreement (FTA)/ Preferential Trade Agreement (PTA)

5) Facilitation of logistics & tracking under TIR & enhancement of regional connectivity for access to Central Asian Republics (CARS), Turkey & Iran, through them to Europe and Russia.

Separately, the Federal Cabinet decided to send a sufficient amount of wheat flour and rice to Afghanistan to help the Afghan people dealing the emerging humanitarian crisis.

Briefing the media, the Minister for Information and Broadcasting Chaudhry Fawad Hussain told that the Cabinet also decided to ease imports from Afghanistan to Pakistan.

To reinforce Pakistan’s humanitarian efforts for Afghanistan, the Cabinet also decided to set up a fund for collecting contributions to help Afghan people, who are already suffering from food shortage.

Must read

Recent News

PTI calls May 25 darkest day in political history

0
State should shun oppression, release Khan before situation further escalates: PTI SpokespersonISLAMABAD, Pakistan: Pakistan Tehreek-e-Insaf (PTI) declared May 25, 2022 as the...

Committee formed to plan establishment of Dasu-Chilas Safe City Project

0
ISLAMABAD, Pakistan: The Federal Minister for Interior Mohsin Naqvi has formed a committee to prepare a plan for establishment of Dasu-Chilas Safe City Project...

Ayaz Sadiq for collaboration between CPA & PIPS

0
LONDON: The Secretary General of the Commonwealth Parliamentary Association (CPA) Stephen Twigg called on the Speaker National Assembly of Pakistan Sardar Ayaz Sadiq in...

Hajj 2024: Religious Affairs Ministry ensures well-being of Pakistani pilgrims

0
ISLAMABAD, Pakistan: The Ministry of Religious Affairs and Interfaith Harmony (MORA) is working tirelessly to ensure the comfort and well-being of Pakistani pilgrims performing...

Upcoming budget should be people-friendly: Gilani

0
MULTAN, Pakistan: The Acting President Syed Yusuf Raza Gilani has urged the need for the upcoming budget to be people-friendly.While addressing a gathering...
Advertisement