Low Export Levels: The International Monetary Fund (IMF) has expressed concerns that Pakistan’s exports are significantly lower than those of neighboring countries like Bangladesh, India, Vietnam, and Thailand .
Reasons for Low Exports: The IMF attributes Pakistan’s low exports to several factors, including:
– Payment restrictions
– Tariff and non-tariff barriers to imports
– Exchange rates
Recommendations for Improvement: To enhance its export performance, the IMF suggests that Pakistan should:
– Foster a competitive environment in global markets for exports and imports
– Increase value addition in local industries
– Adopt modern technology to boost production and value addition
Request for Export Enhancement Plan: The IMF has requested a plan from Pakistan’s economic team to increase exports and improve the country’s export performance.
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