Pakistan's Trade Share In Global Market Likely To Surge
Fahad Shabbir (@FahadShabbir) Published August 08, 2016 | 01:01 PM
ISLAMABAD,(UrduPoint / Pakistan Point News - 8th Augst,2016) : Pakistan's trade share in global market is expected to increase due to economic activities under China-Pakistan Economic Corridor, regional trade arrangements and Strategic Trade Policy Framework.
According to Radio Pakistan, the government has taken several steps relating to cost of doing business, market access and competitiveness. Under Strategic Trade Policy Framework, a number of measures have been announced to enhance Pakistan's export competitiveness and institutional strengthening.
A total of twenty billion rupees will be spent on development of export sector during the next three years. Through active trade diplomacy, the government is trying to get better market access for local businesses in international markets by concluding Free Trade Agreements and Preferential Trade Agreements with different countries.
Bilateral free trade agreements with China, Sri Lanka, Malaysia, Iran, Mauritius, and Indonesia are already in place and the Government is in the process of negotiating free trade agreements with Thailand and Turkey. Trade Development Authority of Pakistan is undertaking various export promotional activities through trade exhibitions to enhance trade. In order to reduce cost of doing business, the government has already taken a major step of reducing electricity tariff by three rupees per unit for industrial sector units.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Pakistan
-
Saudi ministry warns against fraudulent Hajj schemes; urges vigilance, official channels for booking
7 hours ago -
SC to take up 9 identical petitions regarding judges' letter
8 hours ago -
Woman committed suicide in Pindigheb
8 hours ago -
Teenage girl abducted in Hassanabdal
8 hours ago -
NTDC Super 8 Inter-Departmental Tape Ball Cricket Tournament concludes: GM (HR) team clinches the w ..
8 hours ago -
AJK President calls for overseas Kashmiris' proactive role to expose the Modi government's nefarious ..
8 hours ago
-
AJK-wide campaign begins to vanish black-tinted glasses to all sorts of vehicles
8 hours ago -
Islamabad to be digitalized as pilot project under national digitalization plan: IT Minister
8 hours ago -
HEC reviews curricula for environmental sciences degree programme
8 hours ago -
Heavy rains cause damage to Spezand-Taftan railway track
9 hours ago -
Documentary on life of Jamiluddin Aali screened at embassy
9 hours ago -
"Sindh Theater Festival 2024" commences in Larkana
9 hours ago