Share:ISLAMABAD-Sustainable growth requires formulation and implementation of productivity-enhancing reforms which would facilitate a better allocation of resources and hence improve regional and global integration, say experts. Talking to WealthPK, National Productivity Organization (NPO) CEO Muhammad Alamgir Chaudry said Pakistan was witnessing low productivity mainly due to regulatory complexities, lack of technological adaptations, and low level of trade openness. A long-term growth agenda requires alleviation of the aforementioned distortions to attain sustainable development, Alamgir opined. Low productivity leads to high input costs and loss of competitiveness in the international market. The reforms recommended by Suleri include encouraging innovation, improving environmental conditions, streamlining regulations, promoting a competition-based economic system, and rethinking the export strategy.
