KARACHI – The 23.1 percent historic rise in exports, during July-January, 2011, is primarily driven by an increase in price of export items in the international market and exports, in terms of quality, have not boosted. Pakistani exports stood at $13.279 billion during the last seven months of this financial year compared to $10.784 billion in the corresponding period last year, exhibiting a growth of 23.1 percent, sources said.
Contrarily, figures released by the State Bank of Pakistan (SBP) regarding a fall in Large-scale manufacturing (LSM) in the country, show a different picture of the country’s economy and production. Sources claimed that export revenues do not depict the country’s curtailed production which resulted in de-industrialisation during the last two to three years. De-industrialisation, they said, had not only dampened the overall economy of the country but had also deteriorated the law and order situation especially in Karachi
