how does import and export affect Pakistan economy answer
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Those exports bring money into the country, which upsurges the exporting nation's GDP. When a country imports goods, it buys them from foreign producers. The money spent on imports leaves the economy, and there becomes fall in importing nation's GDP.☺☺
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When a country imports goods, it buys them from foreign producers. ... Rise in exports results the rise in nominal GDP, therefore the demand in imports also upturns. Pakistan's economy is highly reliant on the imports like industrial inputs, machinery, fuel and essential food stuffs.
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