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Exports falling despite spending billions on trade officers: PEWBreaking

November 19, 2022

The Pakistan Economy Watch (PEW) on Saturday said the government is spending billions of rupees on the trade officers posted in other countries but to no avail. The main purpose of trade officers is to increase exports which cannot be realized and the country is not getting any benefit, it said.Trade officers receive hefty salaries and benefits but do not perform their duties honestly therefore their burden on the national exchequer should be reduced, said Dr. Murtaza Mughal, President of PEW in a press release.

He said that if these people were doing their work, the country's exports would not have been in this state. Dr. Murtaza Mughal said that according to IMF data, Pakistan’s exports were equal to fifteen percent of GDP during 2000, which has now fallen to eleven percent of GDP. Frome1990 to 2020 there has been a 40% decline in Pakistan's share in global trade but these officers have never been questioned about the decline in exports, nor is there any system of accountability for them, he observed. 

He said that the exports are going down but the majority of the trade officers posted abroad are still busy reaping the benefits. He said that when the internet was not common, trade officers were needed but now there is no such compulsion therefore tough decision should be taken to send them packing.

 

Credit : Independent News Pakistan-INP