ISSN : 2047-2528

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PAKISTAN’S TRADE POTENTIAL IN ‘ECO’ COUNTRIES: PROSPECTS AND CHALLENGES
 
Yasir Kamal, Muhammad Muhsin Khan, Usman Ghani and Amana Muhayudin
 
 
In this paper gravity model is used to estimate trade potential for Pakistan with Economic Cooperation Organization (ECO) countries. A cross sectional dataset of 153 countries for the year 2008 are used to estimate the trend line of world exports. The trend line is then used to estimate trade potential between Pakistan and ECO member countries at total export level. The results give trade gain and loss of the year 2008 which also verifies that Iran has a maximum trade potential. On the other hand, Pakistan over performed from its expected potential in case of Afghanistan. With countries like Kazakhstan, Iran, Azerbaijan, Uzbekistan, Kyrgyz and Tajikistan, Pakistan’s trade is significant and in case of Turkey and Afghanistan, Pakistan trade is more than its expected trade.

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