During the current fiscal year, trade deficit has gone down by 4.89%, which is a sign that Pakistan’s exports have increased more than its imports. This is a positive sign; however, Pakistan remains a country facing problems in international trade. It is a country full of opportunities given the resources at our disposal but the right steps are not being taken to exploit them. Textile, rice and sports goods are the major export items of Pakistan while oil, iron ore and steel and industrial machinery form a major chunk of the overall imports. Pakistan has the potential to overcome its trade problems by utilizing its resources. A big market to target should be China because of its keen interest in Pakistan. China, with a population of 1.36 billion is a huge market and can be targeted to increase our exports. Both Pakistan and China can work together to benefit from each other, creating synergies across borders. At CAS we are involved in making sure that our clients know about the opportunities under the newly developed CPEC. With our skilled knowledge of various sectors, we aim to provide useful insight and guidance to our investors to kick start new projects, which eventually will benefit our clients and of course Pakistan.
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