From 2018 to 2023, Pakistan underwent a tumultuous period marked by significant political, economic and environmental challenges. Placing Pakistan’s industrial policy in the broader South Asian context reveals a need for introspection and reform. Historically, Pakistan’s industrial output and contribution to GDP have trailed behind its neighbours, Bangladesh and India. The nation’s persistent and deepening current account deficits during 2013-2022, especially during PTI’s era, overshadow those of its neighbours. Pakistan’s trade strategies have not effectively boosted export competitiveness or curtailed import dependency.

Source: The Nation August 20, 2023 07:03 UTC