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Tariff protection hurts consumers

[ Open competition forces firms to invest in productivity and innovation, not rent-seeking KARACHI: As the announcement of the budget for the upcoming fiscal year, FY27, draws near, lobbies and special interest groups representing their respective industries and trade associations make a push for favourable fiscal policies to policymakers. Although the main focus is to … Read more

Looking beyond preferences scheme

[ While Pakistan can continue reforming its tariff regime over the coming years before pursuing major bilateral agreements, it cannot afford to ignore regional developments. photo:file ISLAMABAD: The summit meeting between President Donald Trump and President Xi Jinping was overshadowed by rising tensions in the Middle East, yet trade issues remained high on the agenda. … Read more

Pakistan expands health ties in Geneva moot

. ISLAMABAD: Minister for National Health Services, Regulations and Coordination Mustafa Kamal held meetings with the health ministers of Saudi Arabia, Sudan and Syria on the sidelines of the World Health Assembly in Geneva, where the parties agreed to strengthen cooperation in the health sector. According to the Ministry of National Health Services on Sunday, … Read more

Poor tax design, not evasion, keeps ratio low

[ Behavioural fixes like pre-filled returns and ring-fenced funds could boost compliance Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file ISLAMABAD: Pakistan’s tax-to-GDP ratio has remained around 9% to 10% for several decades now – a figure that is alarmingly low … Read more

The cost of being formal in Pakistan

[ Formal sector and salaried class pay high taxes because they are visible, while undocumented and big fish remain comfo View of business offices and under construction residential apartments in Karachi, Pakistan September 23, 2025 Photo: Reuters ISLAMABAD: I run the kind of business Pakistan says it wants and needs. I produce goods, employ people, … Read more

Railways launches digital transformation drive

ISLAMABAD: Pakistan Railways is moving ahead with a major technology-driven transformation under an ambitious digitisation programme featuring a 1,700-kilometre fibre optic network and smart railway systems aimed at modernising operations, freight management and passenger services across the country. According to official project documents available with Wealth Pakistan, the initiative forms part of Pakistan Railways’ Railway … Read more