KARACHI: Pakistan's exports have to be worth $40 billion at a minimum this fiscal year to avoid another balance of payment crisis, current account deficit and big gap in our trade deficit, said Ateeq-ur-Rehman, an economic and financial analyst. He said the country had to evade its traditional exports and discover new markets overseas for its products.
Elaborating on his suggestions, he said the country could export indigenously manufactured motorcycles to the world because of their good quality.
If the cost of power was reduced it would reduce the cost of production, making Pakistani products more competitive globally. Except for one or two items, 90% of motorcycle parts were being manufactured locally.
Copyright Business Recorder, 2020
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