PAKISTAN: Exports To See Six Per Cent Growth
A staff survey from the International Monetary Fund on Pakistan's exports has predicted an estimated growth of six per cent following the abolition of the Multi Fibre Arrangement in 2005. However, the survey also showed that to achieve that rate of growth Pakistan would have to overcome fierce competition from the likes of Eastern Europe, where cheap labour and a close proximity to the European Union market would act against the Pakistan exporters.
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