IMF ranks Pakistan’s export performance lower than regional peers’

ISLAMABAD: The International Monetary Fund (IMF) has highlighted Pakistan’s significant weaknesses in boosting exports compared to other countries in the region. According to the IMF report, payment restrictions, tariff and non-tariff barriers on imports, and unfavourable exchange rates are the primary obstacles to Pakistan’s export growth.

The report emphasises the need for Pakistan to enhance its competitive stance in the global markets for exports and imports. It suggests that local industries must focus on greater value addition and adopt modern technologies to boost production and exports.

‘Petrol price could have surged to Rs 1,200 per litre without IMF deal’

The IMF pointed out that Pakistan’s export performance lags behind regional peers such as Bangladesh, India, Vietnam, and Thailand. The report also indicates that Pakistan’s global market export performance is not on par with other countries in the region.

Additionally, the IMF has requested a comprehensive plan from Pakistan’s economic team to enhance exports. – INP