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A road map for overcoming concerns over trade deficit
Sustainable export growth is necessary to eliminate balance of payments crisis
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Pakistan needs to set performance targets for investment in manufacturing sector
Industrial policies should cover participation in global value chains, alleviating poverty through employment
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Pakistan should leverage CPEC, GSP Plus to attract investment
Investors require competitive business environment, safeguarded from uncertainties
such as war -
Pakistan shifts away from Indian goods import
Stops tomato purchase, curtails import of raw cotton from the neighbour
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Exports to get boost if businesses participate in global value chains
Linking with value chains will bring huge benefits, but will require export-oriented policies
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Cost of trade between South Asian countries much higher
Tariff, non-tariff barriers, sensitive lists inhibit intra-regional trade
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Pakistan stuck in cycle of less sophisticated products
It is crucial to promote R&D in order to become globally competitive
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Import restrictions breed inefficiency in domestic industries
Availability of raw material for local producers will lead to export growth
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Pakistan ranked 8th in size of trade deficit
Despite high imports, slow export growth turns country into
a closed economy -
Global oil price volatility may add to trade deficit woes
Govt faces daunting task of arresting the runaway deficit