Country is not benefiting from trade officers - Press Release issued by Pakistan Economy Watch.

Islamabad -- November 21, 2022 (PPI-OT)

Following is the text of press release issued by Pakistan Economy Watch (PEW)

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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.

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.

What is the justification for deputing these officers abroad and spending two billion rupees annually on their salaries and...