Economic think tanks recommend formulation of trade policy at the district level


Economic think tanks recommend formulation of trade policy at the district level

Economic think tank Economic Policy and Business Development released a report on the failure of trade policies, the economic think tank recommended formulation of trade policy at the district level.

In the economic think tank, well-known business personalities Gohar Ijaz, Bashir Jan Mohammad, former caretaker prime minister Anwar Haq Kakar, former secretary Ahmed Nawaz Sukhira are included in the think tank.

According to a report by an economic think-tank, after the 18th amendment, industry, agriculture and skill sectors are with the provinces, trade policy is still at the federal level.

According to a report by the economic think tank Economic Policy and Business Development, strategies for new trade policy should be developed from the grassroots level at the district level, all trade policy frameworks from 2009 to 2025 failed to achieve export targets.

According to the report of the think tank, from 2009 to 2012 there was a shortfall of 4.45% in the export target, from 2020 to 2025 the shortfall in the export target reached 43.68%.

According to the report, exports were only 10.4 percent of GDP in FY 2025, with the gap between target and actual exports widening with each new framework.

According to a report by the think tank, Pakistan’s exports were recorded at the lowest level compared to other countries in the region, with imports at 17.21 percent of GDP in FY 2025, increasing trade pressures in FY 2025.

According to the report, the effects of the weakness in export performance are also significant on the country’s external accounts, the increase in import demand has been continuously higher than the export capacity, the increase in production cost is a major obstacle in Pakistan’s export performance.

According to the report of the think tank, as a result of economic growth, the increase in import demand was faster than the export capacity, external imbalances continued to occur even during periods of economic expansion.



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