While rising domestic production did not address growing dependence on foreign goods and services nor did exports move fast enough to keep the trade deficit from taking an unsustainable path, policymakers are now considering regulatory measures to curb surging imports. According to State Bank of Pakistan (SBP) data, the import bill rose 62.2 per cent to over $13 billion during …
Read More »Grappling with a chronic trade deficit
October 4, 2021