Stories from HUSSAIN H ZAIDI
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Global Competitiveness Index: Pakistan faces supply-side constraints
Country’s current GCI position is the second lowest in South Asia
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Several export products of Pakistan face MFN tariff in India
Tariff, non-tariff barriers constitute serious obstacle to Pakistan’s market access
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With economic expansion, Pakistan facing jobless growth
Replacement of labour with capital in urban sub-sector leads to this situation
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Every new govt goes to IMF to manage external account
Data shows current account, trade deficits soar in last year of outgoing govts
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Pakistan needs to allocate more for development to drive up growth
However, inflexible expenditures leave scant room for such allocation
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In absence of payment mechanism, Pakistan loses Iran market
Due to US sanctions trade was conducted through alternative payment mechanisms of limited scope