Study urges shift from price-based fixes to innovation, high-income markets
Export stagnant. Design: Ibrahim Yahya
For years, Pakistan has relied on traditional levers like currency depreciation and energy subsidies to stimulate exports. Yet despite multiple rounds of rupee devaluation, the country's export earnings have largely stagnated.
According to an empirical analysis by the Lahore School of Economics (LSE), it is not price adjustments but innovation, diversification, and access to high-income markets that truly drive export growth.
The comprehensive study, covering product-level data from 2003 to 2024, found that Pakistan's exports, both in US dollar terms an
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