National

Overcoming Barriers To Female Labor Force Participation (FLFP) In Pakistan

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Shahid Sattar and Noreen Akhtar According to the Global Gender Gap Report 2021, Pakistan ranked 153rd out of 156 countries on the gender parity index and 7th among 8 South Asian countries, doing better than Afghanistan only (Accountabilitylab 2022). Half of Pakistan’s population is comprised of women. If engaged in economic activity, this percentage of …

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Anti-export legislation reducing exports

Anti-export legislation reducing exports: LCCI

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The Lahore Chamber of Commerce & Industry says that the recent adoption of anti-export policies by the State Bank of Pakistan (SBP) poses a danger to at least halving the nation’s exports from their potential level (LCCI). The SBP’s assertions that exporters are storing money overseas are wholly untrue, according to LCCI President Kashif Anwar, …

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Peshawar: A group of businesspeople from Pakistan and Afghanistan has voiced their worries about the barriers preventing the expansion of bilateral commerce between the two neighbors. The participants at a conference held at the Torkham crossing engaged in a thorough discussion about the effectiveness of different public sector institutions and the challenges faced by the business community on both sides of the Pakistani-Afghan border. Fayyaz Anwar, the freshly appointed Chief Collector of Customs for Khyber-Pakhtunkhwa, presided over the meeting. The guests, together with other top officials from the customs, NLC, FC, police, and other security departments, proposed various solutions to remove the barriers preventing Pak-Afghan bilateral commerce. Several important topics were covered in the discussion as well. The PAJCCI's coordinator and director, Ziaul Haq Sarhadi, underlined the importance of taking action to remove obstacles to transit and mutual commerce between Pakistan and Afghanistan. He clarified that while the customs agent at the Torkham, Ghulam Khan, Kharlachi border had no problems, other institutions took a long time to inspect. According to Sarhadi, this sluggish processing has created significant issues for the business community. Sarhadi said that each container had been assessed a detention fee in addition to the official instructions for cross-stuffing that had not been carried out. According to the FCCA president, transit trade products from Karachi to Torkham should be transported via Pakistan Railways and a bonded carrier service. For the customs clearance agents of K-P to continue operating, he pleaded with the relevant authorities to permit the filing of GD (Goods Documents) at Azakhel Dry Port.

Businesspeople want the trade hurdles in Kabul removed

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Peshawar: A group of businesspeople from Pakistan and Afghanistan has voiced their worries about the barriers preventing the expansion of bilateral commerce between the two neighbors. The participants at a conference held at the Torkham crossing engaged in a thorough discussion about the effectiveness of different public sector institutions and the challenges faced by the …

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Industry might shut down if gas is suspended for a long time.

Industry might shut down if gas is suspended for a long time.

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Karachi’s business community is in crisis due to the protracted stoppage of gas supplies to the city’s industries. Businessmen are urging the government to resume providing gas to companies with sufficient pressure because if they don’t, they will be forced to shut down their manufacturing facilities. Mohammed Tariq Yousuf, the president of the Karachi Chamber …

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Exports decline as policymaking loses direction Businesspeople complain that economic managers lack direction and don't consult them.

Exports decline as policymaking loses direction Businesspeople complain that economic managers lack direction and don’t consult them.

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KARACHI: When the nation has to take strong measures to boost economic growth and ameliorate the pain of businesspeople and ordinary people, businessmen are saying that exports are declining and national financial planning is directionless. Suleman Chawla, the acting president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), noted that the team …

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Pakistan will not attend the US Democracy Summit Making a choice gets more complicated when the US welcomes Taiwan but not China and Turkey

Pakistan will not attend the US Democracy Summit Making a choice gets more complicated when the US welcomes Taiwan but not China and Turkey

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ISLAMABAD: Pakistan decided on Tuesday to forego the second “Summit for Democracy” being held by US President Joe Biden this week after lengthy internal discussions. Pakistan was also invited to the three-day conference that President Biden organized in 2021 but declined because of worries about China. The US invited more than 100 nations this year, …

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Pakistan is unable to profit from carbon credits

Pakistan is unable to profit from carbon credits-Reforestation, greenery, solar, and wind energy.

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ISLAMABAD: Carbon trading provides developing nations with cutting-edge and creative trade and commercial options so they may make money while reducing greenhouse gas (GHG) emissions. A carbon credit, also known as a carbon offset, is a payment for the greenhouse gas (GHG) emissions that have been decreased or eliminated from the atmosphere due to emission-reducing …

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ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) AND PAKISTAN’S TEXTILE INDUSTRY

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Mr Shahid Sattar, Secretary General, APTMA Ms Noreen Akhtar, Research Associate – Sustainable Development, APTMA Pakistan’s textile sector is experiencing a rising requirement from the global community of buyers to enhance environmentally and socially sustainable practices. To fulfil this, Pakistan’s textile industry must widely adopt ESG (Environmental, Social and Governance) practices and solutions. ESG has …

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BARRIERS TO RENEWABLE ENERGY TRANSITION FOR PAKISTAN’S TEXTILE INDUSTRY

BARRIERS TO RENEWABLE ENERGY TRANSITION FOR PAKISTAN’S TEXTILE INDUSTRY

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Shahid Sattar and Noreen Akhtar Energy sector is the largest GHG producer in Pakistan. It is estimated that the energy demand in the country will reach 108 – 126 million tons of oil equivalent (TOE) by 2030. With the growing unsustainable management of energy demand, Pakistan’s continuous reliance on imported fossil fuels and outdated coal …

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Prime Minister Shahbaz Shareef took a big decision for cotton farmers

Prime Minister Shahbaz Shareef took a big decision for Cotton Farmers!

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In a major step to facilitate the cotton farmers, Prime Minister Shahbaz Sharif approved PRs 8,500 per 40 kilograms as the support price for the commodity this year. The Prime Minister directed to present the matter to the Economic Coordination Committee on a priority basis. He added, “Provincial governments must ensure the prescribed price of …

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