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Tariff Policy: a bold step towards trade liberalization

The federal government has approved the National Tariff Policy (NTP) 2025–30, a transformative step toward trade liberalization. If implemented as planned—reducing the maximum customs duty (CD) to 15 percent and…

Uncertainty, protectionism, and resilience

In the wake of the pandemic, and the fast-unfolding of the climate change crisis has basically brought into focus the cracks in the supply chains globally. Such cracks have been…

Protectionism as policy

President Donald Trump’s recent tariff policy is grounded in a fundamental misunderstanding of international trade economics, specifically the erroneous belief that bilateral trade deficits inherently represent unfair exploitation. Driven by…

Trump’s trade war

In a move that has sent shockwaves through the globe, President Trump’s administration has launched a sweeping new wave of reciprocal tariffs — a policy shift announced on ‘Liberation Day’…

Trump Trade in retreat?

It’s still early days, of course, but it seems the so-called Trump Trade is already unraveling, and with it, many of the assumptions that shaped global markets over the past…

The Trump doctrine: trade wars and tensions

The slew of political and economic measures announced by the Trump Administration has created an impression that the world is returning to an era of an insane protectionism and intense…

Trade and climate adaptation

ADAPTATION to climate change is the defining element for the subsistence of Pakistan’s growing population. While Pakistan is repeatedly hit by climate disasters, it still has to develop its adaptation…

Protectionism vs productivity

Pakistan has the world’s seventh-most protected economy. The country’s inward oriented trade policies have served as a substantial roadblock to integration in regional and global value chains. This is evidenced…