Government strategies to enhance the exports of Pakistan.

Abstract

Executive Summary The following thesis has been carried out to have a look at the exports of Pakistan and at the government policies in order to boost the exports of the country. For the last many years it has been seen that there is always an imbalance in the trade i.e. trade deficit meaning by that our imports are bigger than our exports. This always have a negative impact on our economy. This thesis has been divided into six chapters. Chapter no 1 is an introduction to Pakistan. Pakistan is basically an agricultural country which contributes 24% of GDP and is the mainstay of the economy, and employs 48% of the man power. In chapter # 2 major exports of Pakistan are discussed. Exports of Pakistan are divided into two categories i.e. core categories & the development categories. Further more in chapter # 3 some factors are discussed which are the root cause of resistance from the international buyers. These main factors are cost, quality, low productivity, packaging and some other factors as well. In the fourth chapter the role of export promotion bureau is given. The topics under discussion in this chapter are the organizational framework of EPB, services provided by EPB and the Pakistan export strategy given by the government of Pakistan. The vision of this strategy is providing leadership, direction, pro and re-active facilitation to an aggressive national drive for maximization of sustainable growth of Pakistan’s foreign trade. In the fifth chapter trade policy for the year 2003-2004 is given with the main features, the role of export processing zones which has been formed by the government of Pakistan is also discussed. Than there are many incentives that are given by the government of Pakistan e.g. sales tax refunds, income tax refunds, export credit guarantee scheme. Government also organizes different kinds of fairs and exhibitions in order to boost up the exports of the country. There are many skill development institutes that are working in the country in order to improve the quality of the products and in order to meet the international standards of exports. Finally certain recommendations are given in order to increase the exports of the country, so that we can have a balance of trade in our economy.