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Trade policy inertia: High tariffs and para-tariffs protect inefficient sectors.
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Export concentration: Low value-added goods dominate; diversification stalls.
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Manufacturing stagnation: Imports rose ~8% YoY while output lagged—masking competitiveness gaps.
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Chronic imbalance: Pakistan has lived with a 5–7% of GDP trade gap for much of the past decade.
Bottom line: Remittances stabilize the present but can postpone the future if treated as a substitute for export competitiveness.









































