KARACHI:

The National Tariff Policy 2025-2030, like previous episodes of tariff liberalisation in Pakistan, has ignited a debate between economists who support the essence of open markets and economic freedom, and specific interest groups who prefer the status quo of high tariffs and trade protection.

On the one hand, economists push for increased competition, fostering innovation and embracing productivity and efficiency gains through the upgrading of physical and human capital as the cornerstone of economic development in Pakistan. On the other hand, the specific interest groups emphasise the infant industry argument as they believe that their industries will not be able to survive the competitive pressure imposed by inflows of foreign goods.

The government considers the indirect taxe

See Full Page