The International Monetary Fund (IMF) has identified significant loopholes contributing to Pakistan’s struggle to increase its exports.
According to a report handed over to the government of Pakistan, the IMF points out that Pakistan is notably weak in boosting its export performance.
The report highlights several key issues, including restrictions on payments, obstacles in imports, and exchange rate fluctuations, as fundamental reasons for the country’s poor export performance. The IMF advises Pakistan to consider global market competition trends for both exports and imports.
To improve exports, the IMF emphasizes the necessity of further value addition in the production of local industries. It also underscores the importance of adopting modern technology to enhance production capabilities and value addition in these industries.
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