Taxes on inputs for export goods do not generate sustainable revenue; they merely reduce export volumes ISLAMABAD: Pakistan’s value-added garments sector has long been regarded as the country’s most promising engine for export growth. It combines labour intensity with high value addition, links backward industries such as spinning and weaving with global markets, and has…
Import dependence, global shocks push Pakistan to explore low-carbon alternatives ISLAMABAD: Recent geopolitical tensions in the Middle East have once again highlighted Pakistan’s continued reliance on imported energy and the associated exposure to global price volatility. With around 85% of oil demand and a growing share of liquefied natural gas (LNG) sourced from international markets,…
KARACHI: China has emerged as a global technology powerhouse, leading in key sectors such as 5G, electric vehicles (EVs), renewable energy, and artificial intelligence (AI), in a dramatic transformation from world’s workshop to a technological behemoth, according to incyber.org. Today, China leads in 53 out of 64 critical technologies globally, as tracked by the Australian…
Brent crude futures fell 6 cents, or 0.1%, to $108.11 a barrel after settling down $2.23 on Friday Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil prices eased…
KARACHI: Pakistan’s energy sector has continued to operate under the persistent shadow of circular debt. Around the start of the fiscal year, the amount stood close to Rs1.7 trillion for the power sector and Rs2.6 trillion for gas, with subsequent data showing that the number would only increase. Recoveries may or may not have improved,…
Both sides focused on a wide range of areas of mutual interest aimed at enhancing bilateral economic engagements ISLAMABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan held a meeting with Uzbekistan’s Navoiy Region Governor Normat Tursunov and his delegation to discuss avenues for strengthening cooperation in trade, industry, and…
ISLAMABAD: Pakistan on Saturday rushed to allow donkey meat export to a Chinese company that had announced it would wind up its operations due to inordinate delays, and warned other Chinese investors to think before investing in the country. The issue was resolved only after the Prime Minister’s Office intervened on Friday. That triggered a…
The World Trade Organisation (WTO) is set to cut about 10% of its spending – including hiring freezes and reductions in short term staff – after the US fell back into arrears and a growing number of members failed to pay their dues on time, according to classified WTO documents seen by Reuters. The watchdog…
Highlights agriculture, IT, textiles, real estate, oil and gas sector among others MANCHESTER: Federal Minister for Board of Investment Qaiser Ahmed Sheikh received an exceptional welcome during his visit to Manchester, where he attended a gathering on the sidelines of a Commonwealth conference, according to a statement issued on Saturday. Despite a demanding schedule, the…
KARACHI: Despite the recent rollout of 5G services in Pakistan, internet speeds remain frustratingly slow in major metropolitan cities like Karachi and Lahore. Even the capital, Islamabad, continues to experience sluggish connectivity. The situation is far worse in peripheral regions such as Azad Kashmir and Balochistan, where reliable high-speed internet remains a distant dream. At…