Latest Report

A Case Study of Auto Industry in Pakistan (Draft Note for Discussion)

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A Case Study of Auto Industry in Pakistan (Draft Note for Discussion)

Vision for Economic Transformation

This is a Draft Note for Discussion authored by PRIME’s Research Economist Mr. Tuaha Adil. The policy note comprises valuable inputs from the members of the Economic Advisory Group.

The transformation of an economy is contingent upon the utilization of resources in the most productive manner. Sectors of the economy will operate at maximum potential when business conducive ambiance is created through favorable and ease promoting government policies. The economic transformation policy based on the identification and resolution of contemporary structural and sectoral inefficiencies and futile economic policies is inevitable for the prosperity of the country. The performance of the auto sector is analyzed as a case study to evaluate the efficiency of government industrial policies. The government’s policies and initiatives to expand the auto industry are based on the assumption of latent comparative advantage. Therefore, domestic auto companies are protected from international competition through tariffs and tax cuts. However, the outcome of policies and performance of the sector have been unsatisfactory due to confinement to assembly of vehicles and nonexistent localization of products. The policies adopted by countries having developed automobile industries have also been discussed to evaluate shortcomings of the policies adopted in Pakistan.

Click below to read the full report;

Auto-Policy-Note-10.8.21.pdf

Dissecting Pakistan’s lead in Service Exports

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As per World Trade Organization’s latest statistics, global trade in services witnessed an average decline of 24 percent in the third quarter of 2020. Out of the 39 countries reviewed, approximately 90 percent experienced contraction in service exports whilst 10 percent observed a positive growth.

Interestingly, Pakistan took the lead in the latter category. Notwithstanding the unprecedented times, the country registered year-on-year (y-o-y) growth of 17 percent in November 2020 and 23.2 percent in December 2020. The month-on-month growth of service exports remained at 23.8 percent in December 2020.

To read more, click on the PDF given below:

Pakistan Prosperity Index: March 2021.

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PRIME’s latest Prosperity Index reveals an encouraging picture of Pakistan’s economic rebound. The new year began with Pakistan Prosperity Index (PPI) standing at the highest mark, 126.1 (January 2021). A special feature of this edition is simultaneous improvement in purchasing power, credit to private sector and growth in large-scale manufacturing.

The financial and business uncertainties of 2020 have been carried forward in 2021 across the globe. However, Pakistan’s economy appears to be struggling less relative to its regional counterparts with key economic indicators on the rise. The report establishes the increase in prosperity as a result of the improvement in three out of four indicators aggregated to calculate PPI namely, purchasing power, private sector credit and growth of large-scale manufacturing.

To read the Report and Methodology, click on the PDF’s given below:

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Pakistan Prosperity Index- February 2021

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The report establishes the rise in prosperity as a result of the improvement in four indicators aggregated to calculate PPI. Purchasing power took a dip in the last two quarters of 2020 but started recuperating modestly in the last month. Large-scale manufacturing had consistently been on the rise since August 2020 but has yet to transcend its level at the beginning of the year 2020.

To read more, click on the report:

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Pakistan Prosperity Index- January 2021

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Pakistan Prosperity Index (PPI) is a monthly review of Pakistan’s macro-economy based on the analysis of four periodic data sets- industrial production, trade volume, price levels, and private sector lending. On a 12-month rolling basis, this issue of the report covers the period December 2019 to November 2020, with June 2019 as the base period.

  • Following a dip in Aug 2020, Pakistan Prosperity Index continue to pose an upward trend reaching an all-time high of 116.3 in Nov 2020.
  • This new figure signals not just economic recovery but also provides a reason for optimism.
  • Despite the pandemic, over a 12-month period the trend faces an upward-sloping trajectory.

To read more, click on the PPI given below:

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To view detailed methodology, please click on the PDF given below:

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Pakistan Prosperity Index

by admin admin No Comments

Pakistan Prosperity Index is a monthly review of Pakistan’s macro-economy based on the analysis of four periodic data sets – industrial production, trade volume, price levels, and private sector lending. On a 12-month rolling basis, this issue of the report covers the period Sep 2019 to Aug 2020, with Jun 2019 as the base period.

To read more, click on the ppt given below:

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Policy Research Institute of Market Economy

آزاد معیشت – خوشحال پاکستان