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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
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Stop-gap measures may address concerns for only short period
Govt must consider long-term policies that improve overall competitiveness of Pakistani industries
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With cheap labour, Pakistan can establish linkages with foreign producers
Govt must adopt right policies to attract industrial investments to improve product quality, increase exports
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Pakistan has $12.8b untapped potential for exports
Long-term policies must be introduced to promote exports rather than relying on short-term gains
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Over-reliance on remittances may hit ability of industries, commercial entities
Pakistan must give priority to industry and export growth as it has a large population
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Long-term measures key to reducing trade deficit
Temporary relief may be gained from subsidies and currency devaluation, but they make trade more volatile








