Time to integrate
PAKISTAN remains one of the least regionally integrated economies in Asia. The trade figures for the last fiscal year underline the extent of this disconnect. More than two-thirds of Pakistan’s $3.9bn in exports to nine regional countries went to China, even though total regional shipments declined by 11pc from a year earlier. Less than a third of these exports reached all the other neighbouring and regional markets combined. The imbalance is even more pronounced on the import side: of the nearly $20bn Pakistan imported from the region, almost 98pc originated in China. This lopsided trade relationship highlights not only........
