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The conclusion of the India-EU Free Trade Agreement (FTA) in January 2026 marks one of the most consequential developments in India’s trade policy architecture in over a decade. By granting preferential, near duty-free access to Indian exports particularly in textiles, apparel, leather,…
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This paper examines the rapid transition toward a cashless economy in Islamabad, Pakistan, driven by the expansion of digital financial infrastructure, policy reforms, and widespread adoption of instant payment systems such as Raast. Using national and city-level data, the study documents sharp…
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Pakistan has an estimated $6 trillion worth of copper, gold, coal, chromite, antimony, and rare earth elements, among other minerals. However, the mineral sector contributes merely 2-3% to GDP and remains far below its potential. Applying the “Resource Curse” framework, this paper…
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This study explores the underlying factors behind the exit of multinational corporations (MNCs) from Pakistan and examines how macroeconomic volatility, regulatory uncertainty, and changing global corporate strategies influence this trend. Using firm-level data from the PSX and official statistics from the SBP,…
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The pharmaceutical industry in Pakistan is a very vital sector of the national healthcare and industrial development, but has structural and regulatory bottlenecks that restrict the growth of the pharmaceutical industry as well as competitiveness in exports. The lack of innovation and…
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Informality remains a defining feature of Pakistan’s economy. It acts as an employment shock absorber. It however constrains fiscal growth and productivity levels. This study examines the scale, pattern, size, and structural implications of Pakistan’s informal economy. Based on data from the…
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Pakistan's real estate sector is the driver of economic development as it generates major contributions to GDP, jobs, and city and urban development. Despite expanding very quickly due to population growth, urbanisation, and foreign investments, the sector suffers from several important issues…
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Pakistan’s telecom sector, with over 200 million mobile subscribers and 150 million broadband users, contributes PKR 335 billion annually to the national exchequer in the form of direct taxation and PTA revenues. Despite high digital penetration, the industry struggles with reactive service…
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Pakistan faces one of the largest tax gaps in South Asia. Despite repeated tax reforms, the tax-to-GDP ratio has remained stagnant, undermining fiscal stability and limiting the country’s capacity to achieve its development goals. This study investigates how Pakistan can address its…
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Agriculture contributes 24 percent to Pakistan’s national economy and employs 37.4 percent of the workforce. Despite this strong agricultural base, the bioeconomy’s share in national output remains among the lowest globally. This shows a wide gap between the available bioeconomy resources and…
