Tag Archives: Grasping for the way forward

When tracing Pakistan’s progress, a predominantly agricultural country, we see that it transformed into a semi-industrialised economy, which then ushered in import-oriented and debt-driven growth with an increasingly vulnerable external sector. Stressing the need to accelerate export-led growth, Finance Minister Muhammed Aurangzeb said that import-led subsidised businesses were no longer sustainable. While the need to boost exports cannot be overemphasised, …

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