Leading economist stresses protecting Pak GSP+ status toprevent $3bn losses.

ISLAMABAD -- A prominent econo mist, Dr. Aadil Nakhoda Tuesdaystressed the vital importance of pre serving Pakistan's GSP Plus status,warning that its loss could result in asubstantial loss exceeding $ 3 billionand worsen the nation's balance ofpayments.Speaking at the 7th Islamabad PolicyExchange event, Dr Adil, the authorof "Pakistan and EU Trade Potential:The Bottlenecks and Roadmap forReforms," urged Pakistan to diversifyits products and improve quality toaccess untapped European markets.Nakhoda's report, co-published byPolicy Research Institute of MarketEconomy (PRIME) and the FriedrichNaumann Foundation, analyzesPakistan's trade with the EU, high lighting the risks of GeneralisedScheme of Preferences (GSP) Pluswithdrawal and the need for regulato ry improvements.It emphasizes the need for Pakistan toprioritize consumer satisfaction,eliminate regulatory obstacles, pro vide exporters with knowledge ofglobal standards...