New Trade Policy to come before Cabinet on July 27

The new trade policy is likely to be presented before the Cabinet on July 27 for formal approval. According to the source a proposal to give a local fret subsidy regarding addition in petroleum prices is under consideration. Formation of a special fund to end the export industrys problems is also likely in the new policy. A proposal to include local chemical industries in export list has also been moved in the policy. The insurance of foreign investors would also be done. The policy has proposed to postpone trade with India till Pak-Afghan Transit Agreement. The policy will be valid for three years, sources said.