New trade policy to help boost Pakistan exports

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Pakistan has unveiled its new foreign trade policy to push annual exports to $35 billion, despite reduced demand across the globe.

The focus markets that the Pakistan Commerce Ministry has outlined in the policy include Afghanistan, China and the EU, in addition to the UAE, Saudi Arabia, Middle East, North Africa, and South East Asia regions. The policy shifted its focus to expending regional trade, principally with landlocked Afghanistan, and the big boom market of Iran, which has a pent up demand for a large number of modern imported goods, including the latest, fine textiles and fashion garments from Pakistan.