Senior business leader S. M. Tanveer has warned that Pakistan could suffer an alarming $7 billion loss in exports, citing ongoing economic mismanagement and policy inconsistencies.
His remarks come amid growing concerns within the business community over declining industrial output and weakening global competitiveness.
Criticism of Economic Policies
Tanveer pointed to what he described as poor planning, inconsistent policies, and lack of coordination among key economic institutions as major factors behind the potential losses.
He stressed that exporters are struggling with rising production costs, fluctuating currency conditions, and delays in policy implementation, which are hurting Pakistan’s position in international markets.
Impact on Industry and Jobs
According to Tanveer, the projected export decline could have serious consequences for the economy, including reduced foreign exchange earnings and job losses across key sectors such as textiles and manufacturing.
Business leaders warn that continued instability could further erode investor confidence and slow economic recovery.
Call for Immediate Reforms
Tanveer urged the government to take urgent corrective measures, including:
- Streamlining export policies
- Ensuring stable exchange rates
- Reducing energy costs for industries
- Improving coordination between policymakers and stakeholders
He emphasized that without swift action, Pakistan risks losing critical ground to regional competitors.
Growing Concerns in Business Community
The warning reflects broader anxiety among industrialists and exporters, who have repeatedly called for long-term, consistent economic strategies to sustain growth and boost exports.