CPEC Pakistan, China agree on enhancing coop for export promotion.

ISLAMABAD -- Pakistan and China have agreed on enhancing cooperation for export promotion under the umbrella of China Pakistan Economic Corridor (CPEC) for meeting Pakistan's ambitious export target of upto $250 billion in two phases.

The federal government has set an ambitious target for Medium-Term Export Roadmap (MTER) to speedily enhance Pakistani exports to the world to $100 billion in the first phase and to $250 billion in second phase, official documents available with The Nation revealed. Interestingly Pakistan had achieved an export target of $31.8b during last 75 years, and now wants to enhance it to $100b within next five years, and to $250b in the second phase of MTER. The enhancing of cooperation for export promotion under CPEC has been agreed between China and Pakistan.

The Ministry of Planning, Development and Special Initiatives has drafted an MoU aiming to enhance Pakistani exports in Phase-1 to $100 billion within a period of five years. The...