The federal cabinet on Thursday approved new trade policy for the year 2004-05 with export target of $13.7 billion for the current fiscal year.
The cabinet, which met here under the chairmanship of Prime Minister Chaudhry Shujaat Hussain earlier deliberated upon various aspects of the import policy.
Commerce Minister Humayun Akhtar Khan briefed the cabinet about the salient features of the annual trade policy.
He said it is export oriented and would certainly help boost national economy. New Trade policy laid emphasis on promotion of exports for strengthening of national economy.