The World Bank's report, "Industrial Policy for Development," finds Pakistan's industrial policy is "out of sequence," characterized by high tariffs, Rs2.35 trillion in tax exemptions, and over Rs1.6 trillion in power sector circular debt. The report notes Pakistan's low government effectiveness and 10% tax-to-GDP ratio limit its ability to implement effective policies, recommending tariff rationalization, conditional incentives, and focused investment over the current costly regime. Continued fiscal strain and economic inefficiencies highlighted by such reports could pressure the Pakistani Rupee and fuel inflation, potentially supporting local gold prices.
بحوالہ / Source: www.brecorder.com