akistan Hosiery Manufacturers Association (PHMA) leadership has vowed that the value-added textile industry will work closely with the new government in a bid to enhance exports and rejuvenate the growth momentum. In a statement, PHMA Zonal Chairman Farrukh Iqbal asked the government to provide its backing for the value-added apparel sector, so that it could utilise its potential to reap benefi
Pakistan Business Forum (PBF) Vice President Jahan Ara Wattoo stated that Pakistan’s agriculture sector holds great potential, and its current contribution of $3 billion to the economy could be doubled with viable approaches covering all aspects of this vital sector and addressing stakeholders’ concerns. Addressing a workshop on Saturday, she highlighted the urgent need to control cartels in co
Economic conditions, as depicted through various statistics, have started getting better as certainty in the political environment improved in recent months, leading up to general elections in February 2024. Recent figures of exports, published by the Pakistan Bureau of Statistics (PBS), indicate an upward trend. Exports since October 2023 have surpassed the threshold of $2.5 billion every mont
Four years ago, when the US-China trade war resulted in tariffs on roughly $450 billion worth of goods, it was hailed as a game changer in international trade and geopolitics. Although Sino-US trade figures dipped afterwards, the situation was exacerbated by chip shortage during Covid-19, making the case for prioritising US self-reliance in hi-tech manufacturing. Additionally, Beijing began
Pakistan held a general election on February 8th, 2024, and the Pakistan Muslim League-Nawaz (PML-N) formed its government on March 4th, 2024. Mian Shehbaz Sharif, who led the previous government under the Pakistan Democratic Movement (PDM) coalition, is the current prime minister. However, according to major macroeconomic indicators like inflation, growth rate, and unemployment, the performanc