Federal govt taking steps to increase Pakistan’s exports in diverse fields

ISLAMABAD, Pakistan: The federal government has taken a number of steps to increase country’s exports in diverse fields.

According to a private news channel quoting official sources that these measures include concessionary financing, duty free import of raw material, concessions in duty and taxes on import of machinery on priority.

The government has recently taken a major step of reducing electricity tariff by three rupees per unit for industrial sector.

It is also working on launching of E-Commerce Framework under which exporters can sell their products in the world through internet.

Through active trade diplomacy, the government is endeavouring to get better market access by concluding Free Trade Agreements (FTA) and Preferential Trade Agreements (PTA) with different countries.

Meanwhile, opportunity of zero-rated market access in European Union market under GSP Plus scheme has provided boost to Pakistan s exports to the largest market.