Karachi, July 24, 2024 – The Pakistan Business Council (PBC), a leading advocacy group for Pakistani businesses, has expressed reservations about the government’s ambitious export target of $65 billion to be achieved within the next three years.
(more…)Category: Trade & Industry
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PM Shehbaz Sets Ambitious $60 Billion Export Target for Pakistan
Karachi, July 23, 2024 – Prime Minister Shehbaz Sharif chaired a pivotal meeting of the National Export Development Board on Tuesday, tasking authorities with a bold directive: elevate the country’s annual exports to $60 billion within the next three years.
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APTMA Urges Revisions to IPP Deals to Rescue Textile Sector
Lahore, July 23, 2024 – The All Pakistan Textile Mills Association (APTMA) has called upon the government to urgently reconsider its agreements with Independent Power Producers (IPPs) to safeguard the textile industry, particularly its export-oriented segment.
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PYMA Warns of Industry Collapse Amid Skyrocketing IPP Charges
Karachi, July 22, 2024 – The Pakistan Yarn Merchants Association (PYMA) on Monday voiced serious concerns over the high payments of capacity charges to Independent Power Producers (IPPs), warning that these could lead to an industry shutdown.
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End the IPP Drain! KATI Demands Fair Electricity Market
Karachi, July 20, 2024 – Pakistan’s industrial sector is calling for a shake-up, with the Korangi Association of Trade and Industry (KATI) urging a dramatic shift in the country’s energy policy.
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KCCI Demands Review on Unjust Tax Measures, Energy Tariffs
Karachi, July 19, 2024 – The Karachi Chamber of Commerce and Industry (KCCI) has issued a stern demand for the government to reassess its taxation policies and energy tariffs, citing severe repercussions on various sectors of the economy.
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DG Khan Cement Expands Horizons with New Subsidiary in USA
Karachi, July 19, 2024 – DG Khan Cement Company Limited, a leading name in Pakistan’s cement industry, has announced plans to establish a subsidiary in the United States. The decision was communicated to the Pakistan Stock Exchange (PSX) on Friday.
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Pakistan’s Textile Exports Inch Up by 0.93% in FY24
Islamabad, July 19, 2024 – Pakistan’s textile group exports saw a slight increase of 0.93% during the fiscal year 2023-24, reaching $16.655 billion compared to $16.501 billion in the previous fiscal year, according to data from the Pakistan Bureau of Statistics (PBS).
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ICMAP Highlights Adverse Budget Impact on Exports
Karachi, July 18, 2024 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has identified an overall negative impact of the 2024-25 budget on the country’s exports. In its comprehensive review of the budget’s impact across various sectors, the ICMAP highlighted several key concerns that could significantly affect Pakistan’s export performance.
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KATI Warns of Crisis Amid Hikes in Petrol, Electricity Prices
Karachi, July 18, 2024 – The Korangi Association of Trade and Industry (KATI) issued a grave warning on Thursday regarding a potential economic crisis, following significant increases in petrol and electricity prices. The association’s president, Johar Qandhari, strongly opposed the government’s recent decisions to raise these essential costs, emphasizing their detrimental effects on the industrial sector.
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