The International Monetary Fund (IMF) has expressed concerns about Pakistan’s export performance, noting that it significantly lags behind neighboring countries such as Bangladesh, India, Vietnam, and Thailand. According to sources, the IMF attributes this underperformance to payment restrictions, tariff and non-tariff barriers to imports, and exchange rate issues.
The IMF’s analysis emphasizes the need for Pakistan to diversify its export sectors beyond textiles and agricultural products to achieve substantial growth. The organization recommends that Pakistan observe and adapt to competitive global market trends for both exports and imports. It also underscores the importance of adopting modern technologies in local industries to enhance productivity and add value to domestic products.
The IMF has urged Pakistan’s economic team to formulate a comprehensive plan aimed at boosting exports and aligning with international standards.