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Exchange Rate Pass-Through (ERPT) refers to the degree to which changes in the exchange rate (ER) affect domestic prices of an economy. Since Pakistan’s economy has a considerable level of openness to international trade, the domestic price level is sensitive to external…
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Tariff rationalisation is crucial for Pakistan's economic transformation, promoting export competitiveness, industrial efficiency, and trade integration. Pakistan's overdependence on high tariffs as a source of revenue has resulted in an anti-export bias, increasing the cost of production, deterring foreign investment, and…
