Editor's note: Cheng Xizhong, Visiting Professor at Southwest University of Political Science and Law，Senior Fellow of the Charhar Institute, former Defense Attache in South Asian countries. The article reflects the author's opinions and not necessarily the views of China Economic Net.
Recently, Prime Minister Imran Khan and relevant federal ministers of the Pakistani government have repeatedly stressed the need to further expand exports. Figures released by the Pakistani government show that commodity exports have increased significantly in the recentyear.
In addition, inflation is eased, remittance inflows hit a new high, the fiscal deficit improved to 7.3% of GDP, and the current account deficit shrank to 0.6 percent of GDP, the lowest in a decade.
The gratifying achievements of Pakistan's economic recovery are attributed to the effective lockdown strategy to contain COVID-19, the sound policies of the government on economic development, the diligence and wisdom of all Pakistani people, and the driving effect of the progressing China-Pakistan Economic Corridor (CPEC).
At present, the Pakistani government is making efforts to further expand exports. In this regard, I would like to propose the following suggestions in a bid to further improve the competitiveness of Pakistani products in the international market.
First, regarding product innovation. As we know, products that remain unchanged will be
driven out of the market sooner or later, therefore, constant innovation...
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