Pakistan’s small and medium enterprises (SMEs) are the backbone of our economy. With over 5.2 million businesses spread across manufacturing, services, and trade, SMEs contribute nearly 40 per cent to the GDP and employ more than 80pc of the non-agricultural labour force. From the furniture makers of Gujrat to the tech startups of Karachi, these businesses reflect the diversity and potential of Pa
As Pakistan engages with the US on the details of a trade deal, one that includes partial tariff relief — reducing rates from 29 per cent to 19pc — and explores deeper commercial ties, including potential higher US imports and investment in key sectors, the private sector has responded with cautious optimism. The rate reduction signifies a significant reversal of the tariff hike imposed on Apri
The government on Tuesday announced that Prime Minister Shehbaz Sharif’s upcoming visit to China later this month will mark the formal launch of the second phase of the China-Pakistan Economic Corridor (CPEC-II), focused on industrial cooperation, after a delay of about five years. “Prime minister’s upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set c
Torrential rains on Tuesday severely disrupted industrial operations across Karachi, with many factories unable to resume afternoon and night shifts due to urban flooding, road blockages, and transport shortages. The rains also delayed export shipments as goods carriers were unable to move due to flooded roads and overflowing nullahs. The industrial sector, which typically operates in three
Prime Minister Shehbaz Sharif has ordered an independent probe into the controversial Rs50 billion gas billing dispute involving influential consumer groups and the gas utility sector. The investigation will be led by former federal secretary Shahid Khan, following complaints from industrial and CNG consumers who received sudden bills for past gas dues, dating back to 2015. Sources confirmed