Falling exports

Pakistan’s export sector is once again facing troubles. According to the State Bank estimates, the country’s exports dropped by 13 percent as total exports dipped to $15.6 billion in the first nine months of the ongoing fiscal year from $17.9 billion a year ago, a drop of $2.3bn. Due to this alarming situation of export, economy foreign reserves has been deteriorated by $4 billion monthly that have led to a 77 percent gap in total export of the economy.

The only way to decrease the heavily indebted economy is to increase our export sector. For this, the country needs to increase the budget for the agriculture sector, which can only be possible if the government gives subsidies to farmers, and trains farmers on the new methods.

Nimra Siddiqui

Karachi