Trade Policy 2008-09

As per Trade Policy 2008-09, country’s exports Target is $22.1 billion and Import Target is at $30 billion. Commerce Minister said the government is to 15 percent increase in the country’s exports. Govt allow to import of 136 additional types of raw materials, machinery and transport fuels from India to facilitate export-oriented industries.

Customs duty and sales tax on gems has been deleted to increase exports. Also, import of machinery for mining and grinding of minerals has been allowed from India to promote export. The Govt has also allowed the import of 10-year-old and used buses and cement bulkers for use by industrial consumers.
Indian CNG bus manufacturers wishing to establish manufacturing facilities in Pakistan have been allowed to send 10 buses to Pakistan as test consignment. Overseas Pakistanis have been allowed to re-export their imported vehicles if they are unable to get them released due to higher tariff.
Import of academic, scientific and reference books has also been allowed from India, while the import of explosives and chemicals would be subject to a no-objection certificate from the Industries Ministry.
As per new policy also seeks to increase pharmaceutical exports by allowing 90 percent depreciation allowance on imported plants and equipments used in establishing new pharmaceutical plans. The Govt has also introduced initiatives to increase seafood, rice, handicrafts and horticulture exports.
As per trade policy has also announced a Halal Certification Board to establish certification and standards for the promotion of exports of halal food from the country.