Though Pakistan has been impressively following a liberal trade policy by substantially slashing the general tariff since 1992, yet there have been some commodity groups (food related and fuels and oil)which have been protected with rising trends in the import tariffs. Here the welfare loss of the selective protectionist trade policy and welfare gains of general liberal trade policy incurring on the poorest and ordinary households using data on Household expenditure, prices, and labour wages are measured. The uniqueness, inter alia, of the book is that first time nontraded goods have been...
Though Pakistan has been impressively following a liberal trade policy by substantially slashing the general tariff since 1992, yet there have been so...