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Pakistan’s Structural Reforms Could Boost Exports

According to reports by the Asian Development Bank, Pakistan can undertake structural reforms to improve its exports and attain a sustainable economic growth rate of above 3.8 per cent. The study — Why Pakistan’s Economic Growth Continues to be Balance of Payments Constrained — says this requires an upgrade in the country’s international specialization profile.

Pakistan could also take steps to generate a conducive Pakistan for export (terms of trade, export insurance, export promotion, and trade agreements; prepare a strategy for the garment industry, including a competitiveness assessment of current products; improve the capacities of the agencies overseeing national standards, accreditation, and certification of international standards; establish a national single window for exports; and improve the availability of trade finance.

source: Dawn