KARACHI: According to the World Bank’s most recent policy assessment, Pakistan’s competitiveness and long-term economic prospects are in jeopardy due to its diminishing export performance, even after years of tariff protection.
From over 15% of GDP in the 1990s, exports have decreased to just over 10% in 2024, making them one of the lowest proportions in the area and among middle-income economies.
According to the World Bank’s research, “From Inward to Outward: Pakistan’s Shift Towards Export-led Growth,” the drop is a result of growing business limitations that have been exacerbated by recent policy changes that have increased tariffs.
