Draft of Export plan for Pakistan 2006-2013 is finalized by the Planning Commission. It includes planning to increase current exports GDP ratio from 13 percent to 15 percent and increase exports from $16.5 billion to $43.3 billion by 2013, an official revealed.
Currently GDP ratio is 13 percent and GDP stands at $128.90 billion. Exports are going to be increased with Annual Compound Growth Rate (ACGR) in this export plan.
Export of textile and garment industry is expected to increase from current $9.98 billion to $24.36 billion by fiscal year 2013 with 14 percent ACGR per annum.
Exports of leather and leather products will be increased to $2.26 billion with an annual ACGR of 11 percent.
Planning commission has also identified many hurdles and measures of them for enhancement of exports in this Export Plan for Pakistan.
Plan has been circulated among the economic ministries and divisions for final review and to give it formal approval and implementation of it.
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