ISLAMABAD: As country’s exports’ value has remained stagnant for over decade due to having concentrated largely in traditional sectors, study suggested policy makers to diversify exports product base besides targeting industries with large global exports wallets, which are in advanced manufacturing products.

Report jointly conducted by Planning Commission and Pakistan Institute of Development Economics (PIDE) took data from 1,321 firms based on their audited financials spanning from 2010 to 2020 to get firm-level Total Factor Productivity estimates.

Most of firms are in manufacturing sector in sample of 1,321 firms. In manufacturing, most of firms are in textile sector while in services sector, insurance sector has highest number of firms amounting to 81, followed by finance and banking sector, which has 73 firms.–Online

Published in The Daily National Courier, January, 17 2023

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