sustainable economic growth. The empirical analysis is based on the ARDL cointegration approach, using the data for the period …Despite receiving large quantities of foreign aid, Pakistan, like many other developing countries, has remained … growth in Pakistan, though conditionally so, i.e., if based on sound macroeconomic policies. …

Throughout Pakistan’s history, policy has sought to promote exports through government support and incentives. The …, over the long run, the export financing scheme had a negative effect on exports while the rebate/refund scheme affected … exports insignificantly. Subsidy schemes clearly do not seem to work, yet they have been retained for many years. …