ISLAMABAD - The Commerce Ministry has yet to send the draft of much-awaited Strategic Trade Policy Framework (STPF) 2012-15 to federal cabinet for approval, as differences between commerce and finance ministries over several proposed schemes and subsidy issue are still unresolved, it was learnt on Friday.Sources said that the government remained failed to announce the Strategic Trade Policy Framework (STPF) 2012-15, despite passing almost four months (July-October) of the ongoing financial year 2012-13, as the policy was supposed to be unveiled in the month of August. “The trade policy for next three years is likely to be placed in cabinet meeting soon after Eidul Azha for approval”, said an official of the ministry while talking to TheNation. However, no date has been fixed so far in this regard, he added.The Finance Ministry and Planning Commission of Pakistan are reportedly opposing to provide huge subsidy for STPF that has delayed the announcement of the policy. The Commerce Ministry earlier sought Rs 60 billion subsidy for the SPTF, which later was reportedly reduced to Rs 30 billion but the Finance Ministry and Planning Commission believe that giving subsidy would be a waste of the national funds. The Finance Ministry and Planning Commission of Pakistan has raised serious objections on the proposed trade policy in a meeting chaired by Prime Minister Raja Pervez Ashraf in early September. Prime Minister had directed the Commerce and Finance ministries to resolve the matter regarding subsidy. However, the issue still remains unresolved despite passing two months time.Sources informed that Finance Ministry could allocate Rs 20 to Rs 25 billion subsidy for the Strategic Trade Policy Framework (STPF) 2012-15 that could lead to present it in the cabinet meeting. The Commerce Minister Makhdoom Amin Fahim would unveil the policy after the federal cabinet approval.The Commerce Ministry has proposed to fix the exports target at $95 billion for next three years in the Strategic Trade Policy Framework (STPF) 2012-15. The trade policy would focus on export development initiatives, launching of Export Import Bank (EXIM Bank) and measures to cope with new trade challenges. Sources said that objective of the STPF would achieve the export-led sustainable high economic growth by engaging industry, civil society and donors while necessary policy intervention STPF aims to reduce twin problems of uncertainty of policy and regulatory rigidity STPF place special emphasis on increasing the volume of regional trade.