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Trade Deficit

Mid-term review of the economy

Pakistan’s economy is in a state of rapid transition from a regulated and controlled environment to a completely free and market oriented operation of economic forces. Whenever there are such drastic economic reforms as has been carried out in Pakistan, there is bound to be a period of uncertainty and we are on the “self-doubting curve” where the reformers themselves become under-confident because of the difference between projected goals and actual targets achieved. While there is reason to be careful and apprehensive, there is no need to take to panic stations.