THE under-invoicing of imports from China is not an allegation. It is an open secret in Pakistan’s markets — one that has been known for years. The gap between imports recorded from China and what China itself reports exporting is estimated to be in the range of $3.5-5bn in any single year. The Faisalabad loom owners have described this practice as one of the reasons their business is suffering. Yarn and cloth are the visible case, but the practice runs through the entire import trade from China — from machinery parts and chemicals to electronics, tyres, and household goods. Traders........

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