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What should the tax policy be in 2024?

There is an ongoing debate regarding the preferable size of government – big or small? ‘Big government’ is a political concept where the government plays a predominant role in social…

A revisit of trade components critical

Exports fuel domestic productivity and therefore employment and at the same time constitute the most desired form of earning foreign exchange. Pakistan’s exports are consumer based and traditional – rice,…

How to reform trade

Pakistan’s economy faces a pivotal juncture, marked by the imperative need to reassess its import tariff structure. Recent trade data underscores the urgency for policy reforms to stimulate economic growth,…

Illicit trade damaging country’s economy

Smugglers employ a range of routes and tactics to engage in the illicit trade of goods in and out of Pakistan. These methods encompass land routes through the rugged mountainous…

World Bank needs to revisit its policy and lending focus

In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the World Bank (WB), just like the International Monetary Fund (IMF) policy thinking, including as highlighted in…

Reforming the forex policy

When Great Britain ruled British India, policy was made to serve the purpose of London. Objectives were elaborated there, based on the geopolitical/strategic circumstances of the time. Many British laws…