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Pakistan needs to accelerate economic growth: WB
29 Apr '16
3 min read
The strong balance of payments headline figures, however, mask the structural weaknesses in Pakistan's export competitiveness. Exports fell by 11.1 per cent in the first half of FY16 as a result of softer global demand and domestic bottlenecks. Port charges in Karachi, for example, are nine times higher than those in Dubai and Singapore.
Shipping container dwelling times are three times longer than in East Asia. Exporters who want to participate in global supply chains are hamstrung by these constraints, the report said. (SH)
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