ISLAMABAD, October 28 2024: In a bustling metropolis where skyscrapers touch the clouds and business is the lifeblood of the economy, a stark reality unfolds beneath the surface. A mere 5,000 companies, representing a fraction of the nearly 125,000 registered entities in Pakistan, dominate the corporate tax landscape, shouldering an astonishing 90 per cent of…
ISLAMABAD, October 28, 2024: In the heart of Islamabad, a storm was brewing as ten Independent Power Producers (IPPs) established under the 2002 Generation Policy took a bold step that could reshape Pakistan’s energy landscape. Frustrated by the government’s handling of capacity payments and the rising consumer tariffs, they penned a joint letter to Prime…
Karachi, October 26, 2024: The 5th International Textile & Leather Exhibition (TEXPO) at the Karachi Expo Centre concluded with orders amounting to $1.875 million placed for Pakistani textile products, signalling a positive uplift for the country’s export industry. Organized by the Trade Development Authority of Pakistan (TDAP), the 3-day event attracted both local and international…
KARACHI, October 27 2024: Climate change presents a critical threat to Pakistan’s economy, particularly due to its heavy reliance on agriculture, which employs around 42% of the labour force and contributes nearly 19% to the country’s GDP. With rising temperatures and increasingly erratic weather patterns, Pakistan faces substantial challenges in sustaining its economic growth. The…
Karachi, 27 October 2024: The National Trade Union Federation (NTUF) held a consultative session on Sunday with affiliates from the IndustriALL Global Union’s textile and garment sector to discuss the implementation of workplace safety and grievance mechanisms under the Pakistan Accord framework. The Pakistan Accord, which became effective in 2023, builds upon the successful model…