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How the ADR tax distorts the financial sector

The tax on Advance-to-Deposit Ratio (ADR) was introduced through the Finance Acts of 2021 and 2022 approved by Pakistan’s National Assembly and these provisions are being enforced by the Federal…

Financial sector trends

According to a research report prepared by the State Bank, the penetration of bank credit in the country's economy is quite low compared to the regional and emerging economies and…

Power sector—hope on the horizon

Over the past year, power tariffs in Pakistan have come down considerably and, contingent on key reforms being implemented over the next five years, are on their way to becoming…

Export sector at crossroads

That Pakistan’s exporters are at a crossroads is a fact. If we are to revive economic momentum and restore our competitive advantage in global trade, there are crucial policy changes…