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Textile and clothing exports from Pakistan contracted by 3.09% in the first month of FY25, reflecting the sector’s struggle to compete with regional rivals amid the implementation of harsh taxation measures. This downturn signals a challenging period ahead for the industry, which is grappling with high energy costs and government policies that have sparked concerns among top textile exporters. Impact …

The central government debt of Pakistan surged by Rs8.07 trillion, or 13%, during the previous fiscal year, bringing the total debt to a staggering Rs68.9 trillion by the end of June 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. The significant rise in debt highlights the growing financial challenges faced by the government and …

The Special Technology Zones Authority (STZA) has unveiled plans for four new Special Technology Zones (STZs) in Pakistan, with a substantial investment of Rs30 billion in infrastructure. This strategic initiative is poised to generate 50,000 jobs and boost the country’s IT exports by $350 million annually over the next two to four years. Key Zones and Investment The newly designated …