The main challenges are insufficient revenue generation and high fiscal deficit exports. There is little scope for encouraging imports of industrial raw material to lift the country’s large-scale manufacturing sector out of recession. This, in turn, means industrial growth may remain stalled in the near future. Consumption of domestically produced stuff is also dwindling because of falling income levels and high inflation. The resultant increase in the debt stock is pushing up the cost of both domestic and external debt servicing.

Source: Pakistan Today April 19, 2021 08:48 UTC