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Articles for tag: business, exports, green, Latest, rules, threaten

January 16, 2026

News Desk

EU green rules threaten exports

Workers inspect loom machines weaving fabric at a textile manufacturer in Karachi. Photo: REUTERS KARACHI: Pakistan’s textile sector entered 2026 at a defining juncture, with its long-standing export model facing increasing pressure from tighter global regulations, intensifying competition and domestic cost constraints. After a modest recovery in 2025 that boosted textile exports to an estimated $17.85 billion, industry leaders are now warning that the industry’s preferential access to European markets under the GSP Plus regime is increasingly at risk. These concerns dominated discussions at the Global Procurement and Supply Chain Summit (GPS 2026), held in Karachi, where policymakers, procurement leaders

November 6, 2025

News Desk

Fires, heat threaten the forests of the northern hemisphere

Forest fire. Photo: Reuters GENEVA: Record fires and rising temperatures are threatening decades of forest growth in the Northern Hemisphere, potentially turning vital carbon sinks into carbon emissions, a new UN report said Wednesday. The UN Economic Commission for Europe (UNECE) report, published ahead of the COP30 climate conference in Brazil, found that forests in Europe, North America, the Caucasus and Central Asia are slowing their ability to absorb carbon dioxide from the atmosphere. If current trends continue, these forests could reach a tipping point where they start releasing more carbon than they absorb, he warned. This would undermine efforts

October 20, 2025

News Desk

Growing impersonation scams threaten the digital economy

Despite preventive measures, low digital literacy and weak enforcement mechanisms continue to fuel fraud The output of DEEP component-II will be the development of Pakistan Business Portal at a cost of $15 million for the first financial year of the project i.e. 2024-25. photo: file FAISALABAD: Muhammad Arshad, a cloth merchant from Rail Bazaar, Faisalabad, was at his shop when he received a call from an unknown number. The caller introduced himself as an employee at his children’s school and said a new WhatsApp group had been set up to guide parents. He asked Arshad to click on a link

October 17, 2025

News Desk

Excessive gas bills threaten the survival of industries

Businesses urge PM to freeze ‘controversial levy’ as bills soar into tens of millions of rupees KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and the seven associations of industrial cities and textile exporters, while expressing deep concern over the exorbitant and retroactive gas bills, urged the Prime Minister and the petroleum and power ministers to take urgent notice of the “anti-industrial move” that is making exports dependent on exports and Pakistan. Addressing a joint press conference at KCCI on Thursday, business leaders appealed to the government to immediately freeze the controversial levy charged retrospectively for four months, which

September 30, 2025

News Desk

October rains of India can be a very good thing, threaten harvesting

India is expected to receive more than average rainfall in October, following rainfall above normal rainfall, a weather official said on Tuesday. Rainfalls above average in October could harm summer crops such as rice, cotton, soy, corn and pulses approaching the harvest. The country is likely to receive more than average rainfall more than 115% of the average of 50 years in October, Mrutyunjay Mohapatra, Director General of the Meteorological Department of India (IMD), said in a virtual news interview. India received 15% more than average rainfall in September, increasing the total surplus of the monsoon for June-September to 8%,

September 21, 2025

News Desk

Textile waste threaten blue economy, marine life

Islamabad: Federal Minister of Maritime Affairs, Muhammad Junaid Anwar Chaudhry, warned that the growing tide of the textile and fashion floods is a growing threat not only to marine life but also for the economy of Pakistani and the Pakistani economy. In a statement on Saturday, he marked World Cleaning Day 2025 on “Treatment of Textile and Fashion Waste in circular fashion”, the minister stressed the emergency action for sustainable practices. He said that the protection of the oceans is vital to securing the future for future generations. World Cleaning Day is a worldwide initiative against solid waste and marine

September 3, 2025

News Desk

Trump’s invoices threaten to drown the recovery of European chemicals

A laboratory employee receives a sample using a pipette in the Hobum Oleochemicals workshop in Hamburg, Germany on August 25, 2025. Europe’s chemical producers face fresh turmoil as US import tariffs are disturbing global trade, urging customers to delay orders and hit demand in a sector struggling to recover from the area’s energy crisis. The fourth largest export sector of the European Union after machinery, automotive and pharmaceutical products has been facing high production costs in recent years after increasing gas prices and energy after Russia’s invasion of Ukraine. This and the slowdown in demand due to struggles in key

September 1, 2025

News Desk

Serious floods in Punjab threaten Pakistan’s economy

A man carries a newborn buffalo calf as he walks through a flooded road, after the monsoon rain and rising levels of the Chenab River in the village Throughout the fertile plains of Punjab, families are struggling to rebuild their lives after the worst floods in decades swept homes, destroyed crops and drowned animals. “Thirteen of my 15 acres are gone,” said Muhammad Amjad, 45, a rice and potato farmer in Chiniot, as he stood by submerged fields. “Our rice is completely destroyed. Women and children have been evacuated. The Disaster Management Authority said more than 2 million people have

July 24, 2025

News Desk

Vanaspati manufacturers threaten tax closure

Listen to the article Karachi: The Pakistani Vanaspati Manufacturers Association (PVMA) warned of an indefinite nationwide end of GHEE production and cooking oil, if the Federal Revenue Council (FBR) does not withdraw controversial tax enforcement powers within 48 hours. At a press conference after the meeting of the Association’s General Corps in Karachi, PVMA President Sheikh Umer Rehan said the strike was unanimously approved by members. However, the strike is waiting for two days due to continuing FPCCI-FBB talks facilitated by the Special Investment Facility Council (SIFC) in Islamabad. “We have delayed the strike by 48 hours, hoping that the

Help cuts, misinformation threaten the progress of child vaccination: UN

Oliver Harris, 9 months, screams after receiving a vaccine against Koronai’s disease (COVID-19) at Northwell Health’s Cohen Medical Center in New Hyde Park, New York, USA, June 22, 2022. Global infant vaccination levels have stabilized after shrinking during the Covid crisis, the UN said on Tuesday, but warned that misinformation and drastic reinforcement cuts deepen dangerous gaps and pose. In 2024, 85% of infants worldwide, or 109 million, had received three doses of the vaccine against diphtheria, tetanus and pertussis (DTP), with the third dose serving as a key indicator to cover global immunization This marked an increase in a

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