list down the steps taken by the government of Pakistan to increase exports
Answers
Answer:This blog is part of the 'Act Now Pakistan' series focusing on ideas, policies and actions for Pakistan to recover stronger and better as the COVID-19 crisis subsides.
As the ‘Great Lockdown’ emerged from the global COVID-19 pandemic, it is continuing to devastate communities and jobs, challenge businesses that struggle to survive, and strain fiscal space of governments working to protect both lives and livelihoods.
Global trade is heavily impacted as governments took swift measures to stymie the outbreak, declaring partial or total lockdown measures in countries around the world that have not yet been completely lifted.
Pakistan is not immune to the economic shock caused by the coronavirus, and its exports have been hit hard.
Last May, the country recorded $1.39 billion in merchandise exports, the lowest number in years and a 34 percent drop from a year ago.
Short-term global trade prospects don’t offer room for optimism as maritime traffic analyses, a good predictor of trade flows, forecast contractions in exports in the months ahead.
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