Focus on SEZs a good omen for Pakistan’s growing economy: Report WealthPK): Different special economic zones (SEZs) are being established across Pakistan and several others are in the pipeline under China-Pakistan Economic Corridor to boost industrialisation, exports and generate employment.
According to a WealthPK’s Pakistan’s economic growth is heavily reliant on exports. This is due to the fact that the access to foreign exchange allows the country to fund its imports, stop erosion of its currency value, repay debts, and address the balance of payment issue.
Solution to these problems is massive industrialisation and diversifying the export base.For this to happen, the government is implementing its “Made in Pakistan” agenda to stimulate import substitution. The policy’s goals are to create jobs, boost value-added exports, and stimulate import substitution.
The government is working on different strategies. The objective behind “Made in Pakistan” motto is to produce goods and services in the country rather than importing those that disturbs the country’s trade balance.
