Free trade agreement with China has been more harmful than useful. Local industry is destroyed. Trade deficit has increased over the years. We literally ask IMF for more money so we can keep buying from China. Free trade agreements are supposed to be beneficial to both states. But in our case its just China. Lets not allow the 'charisma' of PAK-CHINA friendship cloud our view of national interest and long term economic welfare. China's manufacturing sector will eat Pakistan alive!. We, on the other hand, have nothing but cotton and fish caught in the Arabian Sea, to offer to China.
Pakistan exports to China: $1.8 billion=
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Whereas China exports to Pakistan are =
US$16.97 !
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The list goes on and on and on...... Where does Pakistan produce all this wealth to buy from China? This is just living beyond means. No difference between Ishaq Dar and the state of Pakistan.