Experts call for enhancing exports for sustainable growth
Delay in bringing export earnings on the basis of speculation in forex market is bad for Pakistan’s balance of payments. PHOTO: FILE
Speakers at a seminar on Thursday highlighted the importance of maximising exports and curtailing imports to help the country in achieving a trade surplus for sustainable economic growth.
They were speaking at a seminar titled “40 Years of Diplomatic Relations between Pakistan and Korea: Trade, Investment and human resources” organised by the Pakistan Institute of Development Economics (PIDE), in collaboration with the Embassy of the Republic of Korea in Pakistan.
Korean Ambassador Suh Sangpyo said bilateral relations between Korea and Pakistan were at a turning point as the two countries would celebrate the 40th anniversary of relations next year.
The ambassador said that Pakistan was “moving in the right direction” on regulations and ease of doing business, adding that Korean companies were helping Pakistani companies to improve their quality and capacity.
Dr Nadeemul Haque, Vice Chancellor of PIDE, said that the economic ties between Pakistan and Korea “remained strong” despite difficult economic times.
He said, in this global village, both countries must work together.
Published in The Express Tribune, December 9th, 2022.