Behind the Wall: Understanding Tariff Protection in Pakistan!
In Pakistan, protecting domestic industry from international competition goes far beyond the use of ordinary customs duties. Policymakers also rely heavily on additional customs duties (ACD) and regulatory duties (RD), which often layer protection on top of the standard rates. The chart shows how these duties vary across different industrial sectors, defined at HS 2-digit level. […]
Increasing reliance on remittances
The share of remittances in GDP for Pakistan has increased from 1% in 2000 to 8% in 2023. As of 2019, this was one of the highest for countries with a population higher than 30 million. The three countries which ranked higher were Philippines, Ukraine and Uzbekistan. The increased reliance on remittances mirrors the trend […]