Exports targets show lack of
co-ordinationThe lack of coordination among
various organizations of the government is obvious from the
fact that the Ministries of Commerce and Textile have set entire
different targets for the exports for the ongoing fiscal year
2009-10, said Mian Shaukat Masud, President Islamabad Chamber of
Commerce and Industry (ICCI).
He said there were lot of conflicts between the both
ministries in settling export targets in trade and textile
policies, which were separately announced in July and August
respectively.
It may be mentioned here that the Ministry of Commerce, in
the Strategic Trade Policy Framework 2009-14, has predicted that
overall export will grow by US$1 billion in the financial year
2009-12 with a growth ratio of 6%. Ministry of Commerce has set
$18.86 billion export target for the year 2009-10 which was
$17.78 billion in 2008-09.
Contrary to this, the Ministry of Textile Industry has
forecast a US$25 billion export target for next five years,
which means that the textile export would see a growth of US $3
billion per year during the next five years.
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