Pakistan, March 25 -- EU's much-talked-about rollover of Pakistan's GSP-Plus status instantly shot to fame last year as the caretaker government believed to finally have the structural roadmap sorted for increased exports.

The writing on the wall, however, refuses to buy the enthusiasm. The first eight months of the current fiscal year saw the exports go down by almost seven per cent, which translated to a loss of over five billion dollars.

Such a small shift in the account might not be a cause to lose sleep for a well-functioning economy but in the case of Pakistan where every penny counts and export revenue remains the weakest link in the chain, losing even the smallest of earnings should rattle the administration out of its complacen...