balance of payments crisis. It will force Imran Khan to beg and/or borrow billions of US dollars to shore up the country's reserves. It must deal with the geopolitical challenge of potential US veto of the IMF bailout of Pakistan.
In addition to dealing with the looming bop crisis, the PTI government must address the issue of exports that have halved from 16% of GDP in 2003 to about 8% of GDP in 2017-18. It needs to make concerted efforts to promote exports by making the domestic industry more export-oriented. It must help exporters understand the requirements of foreign markets and use its diplomats to promote Pakistani products and services in international markets.
Pakistan must overcome the civil-military divide and build consensus to develop policies vis-a-vis the United States and India while at the same time maintaining close ties with China. The new leadership needs to use institutional processes such as regular national security council meetings attended by by top civilian, military and intelligence officials.
Azad Labon Ke Sath host Faraz Darvesh discusses these challenges with Misbah Azam and Riaz Haq (www.riazhaq.com)
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