Article Type

Article

Description

Pakistan’s merchandise exports have declined from 0.18 percent in 1990 to 0.14 percent of the world export market in the last twenty five years. India’s share has tripled from 0.57 percent to 1.78 while Bangladesh’s share has risen from 0.05 percent to 0.14 percent in the same period. Pakistan’s exports, which used to be only one third of India, have fallen to one tenth and Bangladesh, which used to lag behind with its exports being only one third of Pakistan’s in 1990, exceeded our exports level last year. At the turn of the millennium, 97 percent of merchandise exports used to finance the country’s imports but this ratio is down to 61 percent. Sharp depreciation of the Pakistani rupee since 2007-08 has not helped boost the demand for Pakistani exports. And while the currency depreciated by 55 percent, export growth was 24 percent only in the last five years. In the preceding six years, the currency remained stable while the exports more than doubled in dollar terms.

Publication Source

The News

Publication Date

11-25-2013

Pages

1-3

Download

Included in

Business Commons

Share

COinS