Those present there could think of only one way out of the quagmire Pakistan is stuck in under Ishaq Dar’s watch: declare an export emergency. Export package termed short-term solutionThe Engineering Development Board (EDB) website reveals that over the past five years the export of engineering goods fell from 5% to 15%. To find out I spoke to a number of investors who attended last week’s meeting of the NA Finance Committee. But foreign goods’ unprecedented import depletes the foreign exchange reserves and chances of employment. Slowing down or ending the foreign goods’ influx is what the local investors need from the policymakers as well as the trade-related bureaucrats.

Source: The Express Tribune November 06, 2017 04:06 UTC