Report by Pakistan

Pakistan’s fifth Trade Policy Review comes at a time when the economy is recovering from a global pandemic. In 2020, while the world output shrunk by nearly 3.5%, Pakistan’s effective COVID-19 response measures helped mitigate its impact on the economy. Pakistan’s economy contracted by less than half a percent during FY2019/20 and rebounded rapidly to near 4% growth in FY2021. By population size, Pakistan is the 5th largest country (about 220 million) in the world and has so far successfully avoided morbidity/mortality rates experienced by some comparable countries due to the pandemic.