The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has termed trade policy encouraging in the prevailing circumstances and assured support to the government to help achieve export target of 35 billion dollars up to 2018. In a statement issued here on Wednesday President FPCCI Abdul Rauf Alam said that export target could be achieved if refunds to the tune of Rs 210 billion were released, tax system is simplified and uninterrupted supply of electricity and gas is ensured.
He said that problems of export sector should be resolved so that their cost of doing business could come down to make their products competitive in the international market. Moreover, he said Pakistan should explore new markets with special focus on Iran and Afghanistan as Pakistan can export rice, beef and other things worth one billion dollars while exports to Afghanistan can be increased by fifty percent. Mr Rauf Alam said that value addition should be preferred over export of raw material while innovation and research should be focused.