KARACHI - Prime Minister Yousuf Raza Gilani has said that the economic condition of the country despite international and domestic adversities has improved significantly and Pakistans real Gross Domestic Product (GDP) growth is likely to remain close to the target of 3.3 per cent during the fiscal year (2009-10). Foreign exchange reserves have risen from $6 to $15 billion and exports are expected to achieve target of US$ 20 billion. Remittances from overseas Pakistanis have reached $4.531 billion which is 25 per cent higher than last year, he added. Speaking at an inauguration ceremony of Expo 2010 at the Governor House here on Thursday, he said that Pakistans private sector was very enterprising and has repeatedly demonstrated its dynamism and resilience even in adverse circumstances. It goes to the credit of the ingenuity and enterprise of our private sector that in the face of severe global recession, were able to reduce its impact on Pakistans economy compared to the much severe impact suffered by the economies of several other countries in the region. He said that the government strongly believes in market forces to open opportunities and create a competitive environment in the country. We have continued to liberalise the economy. The reforms in the trade and investment fields stem from our conviction that the private sector of Pakistan is the engine of economic growth and should be facilitated to play its role to the fullest in creating new businesses, opening new jobs and adding value to Pakistani goods and services for the export markets. Gilani said that the Ministry of Commerce through its Strategic Trade Policy Framework (STPF) 2009-12 has successfully addressed major issues like falling exports competitiveness, lack of sophistication, diversification of products and markets. STPF, a medium term plan, provides assurance for continuation of Trade Policy for three years and the businesses can plan their production and export orders accordingly. The policy has been set in motion and the initiatives are at various stages of implementation. He said a comprehensive Textile Policy 2009-14 had also been announced to revive the textile sector through Textile Investment Support Fund (TISF) of Rs40 billion. He said that more than 500 buyers from 50 countries were attending the show this year and around 350 producers and exporters from all over Pakistan were displaying a wide variety of their products. The event would not only provide opportunities to Pakistani exporters to showcase their products for buying houses and entrepreneurs but would also be a good opportunity for the visiting delegates to visit factories, production houses and above all see the beautiful metropolitan city of Pakistan, Karachi. Earlier, addressing to the PPP office bearers and workers of Karachi division at the CM House, the PM announced setting up of institution of Shuhada Fund with seed money of Rs50 million. Referring to a demand made on the occasion for support to the families of Shuhada who became victims of target killings, he said the amount from this fund would be used for the very purpose. He directed that the fund amount be so invested that it becomes a permanent source to help and support the families of Shuhada. Gilani said he was sad over the loss of lives in target killings in Karachi and recalled that after the bomb blast on the occasion of Ashura, he had announced a relief amount of one billion rupees which was raised to Rs3 billion by President Asif Ali Zardari. The PM also announced that he would issue directives for providing houses to the poor party workers, labourers and middle class people in the projects of Federal Housing Foundation. The Federal Ministry of Housing is already working on this project. Regarding demand for development of Katchi Abadis and Goths of Karachi, he said that besides MNAs and MPAs, he would also seek suggestions of party workers regarding development schemes for inclusion in the next PSDP. The PSDP is going to be prepared next month and it would incorporate schemes for Karachis rural areas as well, he added.