The IMF draws attention to “loopholes” in Pakistan’s inability to boost exports.

The Pakistan government received a trade assessment from the international lender, which states that Pakistan’s efforts to boost exports have been surprisingly feeble.

Restrictions on payments, barriers to imports, and exchange rates are reportedly highlighted in the research as the main causes of Pakistan’s subpar export performance. As far as imports and exports go, the IMF suggests Pakistan take into account the trajectory of competitiveness in international markets.

The IMF underlines that additional value addition in Pakistan’s local industry production is necessary to increase exports. In order to improve productivity and value addition in various sectors, it is considered vital to implement current technology.

In comparison to Bangladesh, India, Vietnam, Thailand, and other nations, Pakistan’s exports are noticeably less, according to the research. It implies that in addition to textiles and agricultural items, Pakistan needs to expand its export market.

In response, according to sources from the Ministry of Commerce report, the IMF has asked Pakistan’s economic team to provide a thorough economic plan that addresses these issues and improves export performance.