Companies need rapid compliance to save exports, WB economist warns

KARACHI: More than 70 per cent of Pakistan’s goods exports could lose market access unless firms meet the new requirements emerging from markets such as the European Union, particularly on traceability and enhanced reporting of labour standards, warned World Bank economist Anna Twum on Tuesday at Tabadlab’s event ‘Trade, Tariffs, and Beyond — Building Pakistan’s Export Economy’.

Building this level of compliance, however, poses its own challenges. Given the size of the informal sector, the absence of national tax numbers, and the low level of

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