Pakistan’s exports have never crossed the $ 25 billion mark. In fact this figure was reached in the year 2010-11 when our rice and cotton exports benefitted enormously as international prices increased. This fixation on limited export items made our exports dependent on international prices because when these prices fell in the year 2015-16 there was a steep fall to around $ 20.5 billion. Based on this data the expectation is that exports could be between $27-30 billion in the next few years but only IF international commodity prices rise and also if the government takes steps to move towards an export oriented strategy. The dependence will of course remain largely on the cotton crop in the absence of any other efforts.
Read Full Article: The Export Conundrum
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