In line with its defined strategic order, China has now started working more closely with Pakistan in areas of new investments and partnerships. The process started way back in the 1990s; however, a joint declaration in this regard was the concrete outcome after a meeting between President Hu Jintao and President Gen. Pervez Musharraf in 2003 at Beijing (Fmprc, 2003). The declaration highlighted the ...

A prudent exchange rate policy and efficient exchange rate is essential for macroeconomic stability and economic growth. Impulsive exchange rate policies may compromise economic growth of a country through generating persistent balance of payments problems, currency crises and overall macroeconomic instability.

This paper highlights some important points regarding exchange rate and external competitiveness of Pakistan . Firstly, overvalued exchange rate of Pakistani Rupee [PKR] has affected adversely to already weaker external competitiveness of the country . Secondly, claims of failure of depreciation in boosting performance of tradable sector are based on mixing the partial adjustment of PKR towards its ...

This policy brief makes three important points regarding exchange rate misalignment in Pakistan . Firstly, that the Pakistani Rupee (PKR) has historically remained deviated from its equilibrium value. Secondly, that political and institutional set up has a strong association with nature and magnitude of exchange rate misalignment and that overvalued PKR is preferred by the policy offices in general. ...

Six years of BRI and CPEC have paved the way for future cooperation and prosperity among the regional countries. Many studies concluded that BRI and CPEC have immense potential for future. It will help meet the required resources, infrastructure and livelihood opportunities on the one hand, and on the other complement the efforts of the United Nations under the umbrella of SDGs. It has many overlapping ...

The objective of this brief report is to help government make better Oil & Gas Exploration policy for self-reliance in production. It charts out a roadmap for exploration of hydrocarbons to make the country self-sufficient in minimum lead time and set it on a new trajectory of economic growth. The report reviews and highlights shortcomings in petroleum policies and suggests reforms to be able to ...

The Government of Pakistan has approved several export promotional schemes at the federal and provincial level. Besides, FBR has tax-related export-oriented schemes which incentivize exports. Traditionally, these schemes were limited to five zero-rated sectors, however realization has grown that a level playing field should be created where similar schemes should be available to potential and new ...

This policy paper proposes four strategic directions for Pakistan’s agenda for SMEs, which include i) designing and continuing targeted support policies and packages for SMEs throughout four phases of recovery from the COVID-19 ii) putting SMEs at the heart of economic and development policy, iii) establishing database and mapping of the SMEs, particularly the informal SMEs and iv) promoting ...