In terms of the main products, Pakistan is losing its share in the US market rapidly, because the textile exports in Pakistan in the 2009 fiscal year are weaker than those in China, India and Bangladesh.

In fact, Pakistan's exports have been under enormous pressure, which is consistent with the decline in regional exports. For example, India's exports fell by 13% compared with the same period last year, while China's exports decreased by 25.7% compared with the same period last year, while the exports of China's Taiwan fell by 28.6% over the same period last year.

Under the current situation, Pakistan's low textile and clothing exports will lead to a decline in the share of exports among countries. The export of textiles and clothing contributes 55% to Pakistan's total exports.

According to export statistics, in the current fiscal year, Pakistan's total exports may reach US $18 billion, with a target of US $21 billion 500 million.

Although the Central Bank of Pakistan has cut export financing interest rates based on export performance, it is time to reduce interest rates to the downstream subsidiary sectors of export-oriented industries.

Recognizing the global situation, the Central Bank of Pakistan is also preparing to cut interest rates in the next fiscal review. The next fiscal review will be held at some time next month.

It is expected that the pressure on Pakistan's rupee foreign exchange parity is expected to ease partly after the economy continues to decline, export cuts and commodity prices are weak. Imports will probably fall by 2 billion US dollars to 32 billion 500 million US dollars in the fiscal year ending June 30, 2009.

Industrial analysts believe that in 2009, Pakistan's total deficit should be maintained at $14 billion 500 million and the rupee of Pakistan will remain at 80.3 rupees: $1.

Editor in chief: Xu Qiyun