US
It is imperative for policymakers to look beyond superficial observations
Regret also has silver lining that we must utilise to foster improvements
Utilisation rates, already low at 50-70%, may decline further if operations cut back
How might landscape have evolved if export subsidies were tied to performance metrics?
Govt’s inaction stalls solutions as it fears loss of political capital
Manufacturing contributes just 12% to GDP, underscoring urgent need for change
Crisis underscores need for ample fuel supplies, preparing for unforeseen events
If industry continues to face problems in opening LCs, this can lead to fuel scarcity
Textile industry is a primary driver of export growth, but it also consumes a significant portion of subsidies
In a crisis, govt is expected to rein in expenditures but it is doing the opposite