Abstract
Pakistan is facing a persistent trade deficit, resulting in foreign
debts-leading to compromise on national policies and
sovereignty. This study analyzes international trade of Pakistan
with a special focus on exports. The analysis is conducted by
various lenses including goods traded, trading partners (in
exports as well as imports), trading regions (including
Australian, Asian, African, European and American regions)
and economic cooperation organizations including
Organization of Islamic Cooperation-OIC, Economic
Cooperation Organization-ECO, and Association of Islamic
Developing Countries (D-8). International trade data is
extracted from the State bank of Pakistan for 12 years (Jul-03
to Jun-15). Findings suggest that Pakistan has trade linkages
with multiple countries, across various regions, however, the
volume of exports is significantly low than potential, as well as,
the volume of imports—resulting in the trade deficit. The major
import partners are China, UAE, Singapore, Saudi Arabia, and
Kuwait, while major export-partners of Pakistan are United
States of America, China, Afghanistan, United Kingdom,
United Arab Emirates, and Germany. Pakistan needs to
capitalize on less-expensive young population (rising in skills),
low cost (indigenous) raw material, basic industrial
infrastructure, and agricultural and natural resources and others.
To achieve higher economic growth and exports. Policy makers
need to encourage exports in less focused regions including
Central Asia, the Middle East, Africa, Australia, and South
America.
Muhammad Hanif. (2018) An Analysis of International Trade of Pakistan: With a Focus on Exports, Paradigms , Vol 12, Issue 1.
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