Pakistan’s export sector has been urged to step up efforts to remain competitive globally. Officials noted that regional competitors such as China, Indonesia, and Malaysia are rapidly advancing, highlighting the need for domestic industries to innovate and increase productivity.
Key challenges identified include high production costs, heavy taxation, and inadequate incentive utilization. Authorities emphasized that addressing these issues and supporting the textile, agriculture, and food sectors could significantly enhance export performance and reduce the current account deficit.
Measures to boost trade include revising export taxes, encouraging overseas investment, and diversifying export destinations. Strengthening international market engagement, improving production efficiency, and leveraging diplomatic initiatives are considered essential for sustainable growth in Pakistan’s export sector.
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