The value-added textile and clothing sector has asked the government to lower tax rates to boost export competitiveness. This demand was part of a string of proposals submitted to the finance ministry by the Pakistan Textile Exporter Association (PTEA) for incorporation in the budget 2025-26. The value-added manufacturers urged the government to remove the double taxation on the export secto
Inflows of remittances are higher than ever and the exchange companies alone could accumulate $5 billion by the end of Ramazan, said exchange companies on Saturday. “We have already sold $3.5 to $4bn to the banks during the first 8 months of FY25 while Ramazan would add more to the total,” said Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan. The country r
The United Nations Trade and Development (UNCTAD) has stated that global trade despite progress continued to undervalue women’s contributions, and their share of domestic value added to exports remains lower than men’s in all regions. Statistics released to mark the International Women’s Day show women still contribute less to exports across all sectors, Closing the gap requires expanding their
China has extended the repayment period of a $2 billion loan to Pakistan by one year, offering much-needed financial relief and helping stabilise the country’s foreign exchange reserves. A senior official at the Ministry of Finance confirmed the development on Saturday, calling it a key financial support measure from China. The $2bn loan, originally due for repayment on March 24, has now bee
The removal of government support prices, along with low domestic rates, has affected the current sowing season, causing wheat farmers to switch to more profitable vegetables and cash crops, such as mustard and pulses. The Country Brief on Pakistan, published by the UN Food and Agriculture Organisation (FAO), says the area planted declined year-on-year since the government removed the minimu