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Upcoming Event: 4th Pakistan Prosperity Forum

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4th Pakistan Prosperity Forum

Tax Policy For Growth

We are excited to announce the upcoming 4th Pakistan Prosperity Forum: Tax Policy For Growth, organized by the Policy Research Institute of Market Economy (PRIME) in collaboration with the Friedrich Naumann Foundation for Freedom Pakistan.


The Pakistan Prosperity Forum is PRIME’s flagship annual economic policy event, bringing together a diverse group of stakeholders, including policymakers, economists, academics, and business leaders, to explore actionable solutions for sustainable growth and prosperity. This year’s theme, “Tax Policy for Growth,” will focus on reforming Pakistan’s tax regime to drive economic expansion.

In recent years, the government has emphasized tax enforcement over much-needed reforms in tax policy. At this year's forum, we will examine opportunities for improvement in the current tax system.

We are honored to have Mr. Aleksi Aleksishvili, former Finance Minister of Georgia and architect of significant tax reforms, as our keynote speaker. In collaboration with the Pakistan Institute of Development Economics (PIDE), PRIME will also present a comprehensive tax reform proposal as an alternative to the existing regime.

We are pleased to share that the Minister of State for Finance and Revenue, Mr. Ali Pervaiz Malik will be addressing the 4th Pakistan Prosperity Forum as Chief Guest.

Event Details:
Date: Thursday, 14th November 2023
Time: 09:00 AM to 2:00 PM
Location: Islamabad. Pakistan.


Programme Outline:
PPF 2024 Agenda (1)
For inquiries or more information, please feel free to reach out to sumaira@primeinstitute.org.

Fourth Pakistan Prosperity Forum

by PRIME Institute PRIME Institute No Comments

FOURTH PAKISTAN PROSPERITY FORUM

Policy Research Institute of Market Economy (PRIME) hosted the 4th Pakistan Prosperity Forum on 14th November 2024 at Marriott Hotel Islamabad. The conference brought together government representatives, IMF officials, business leaders, academics, and media professionals. In recent years, the government has emphasised tax enforcement over much-needed reforms in tax policy. 

At this year’s forum, we examined opportunities for improvement in the current tax system. We had Mr. Aleksi Aleksishvili, CEO of PMCG and former Finance Minister of Georgia, as our keynote speaker. We also had Mr. Ali Pervaiz Malik, Minister of State for Finance and Revenue, as our Chief Guest. Other notable speakers included Mr. Muzammil Aslam, Engr. Arshad Dad, Ms. Birgit Lamm, Mr. Rizwan Rawji, and Dr. Mahmood Khalid, and Dr. Ali Salman. 

4th Pakistan Prosperity Forum 2024

 Programme Outline

 Press Release

"Statement by Industry" by Engr. Arshad Dad

"Economic & Fiscal Transformation: Tax Administration Reform – Case of Georgia" by Mr. Aleksi Aleksishvili

"Policy Proposals in PIDE-PRIME Tax Reform Plan" by Dr. Ali Salman

"Economic Implications of the PIDE-PRIME Tax Reform Plan" by Dr. Mahmood Khalid

GVC Integration: Exploring Pakistan’s Trade Potential with Southeast Asian Nations

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GVC Integration: Exploring Pakistan's Trade Potential with Southeast Asian Nations

In the current era of globalization, countries are forming trade pacts to increase economic growth and become more integrated into global value chains, which is driving global trade. Pakistan’s situation is similar since it is now pursuing many proposed FTAs (35) to access prospective markets for export diversification. This study aims to demonstrate potential avenues for enhancing trade relations between Pakistan and the ASEAN region. It is worth noting that Pakistan is pursuing a ‘Vision East Asia’ policy, which aims to enhance relationships with East Asian and ASEAN countries; in contrast, ASEAN members’ ‘Look West’ policy aims to engage economically with South Asian countries. Together, these two policies provide forth a thorough blueprint for Pakistan and ASEAN to cooperate toward a common goal and strengthen their bilateral relations. Currently, the two-way trade between the two is worth about USD 12bn.

Pakistan engages in substantial fish and fish product exports to many countries, including Japan, Thailand, China, Malaysia, the Middle East, and Sri Lanka. From 2015 to 2019, the country’s seafood exports increased from 128,081 tons to 205,752 tons. Significant growth in China’s imports of fisheries from Pakistan was observed subsequent to the implementation of the China-Pakistan Free Trade Agreement (CPFTA), with values ascending from USD 24.64mn in 2006 to USD 91.78mn in 2019. This expansion can be attributed in part to Chinese firms operating in Pakistan. Moreover, the Thai enterprises possess the capacity to investigate collaborative partnerships within the fishing industry, specifically targeting the Halal food sector.

Based on the rationale and the fact that Pakistan is a significant provider of aquatic fauna, the ASEAN countries seem to be equally intrigued by the prospect of establishing trade relations that are complementary in nature. Pakistan has a great opportunity to capitalize on its comparative advantage in the export of seafood. Hence, the study will utilize methodologies like Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), and X-Model, as adapted from (Luhur et al., 2019), to identify opportunities within the seafood sector and similar product categories.