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Value-Added Textile Exports Raise Alarm as Competitiveness ErodesRising costs, policy uncertainty and liquidity pressures push sector towards critical threshold
By Muhammad ShahzadLahore, PakistanPakistan’s value-added textile industry, a key pillar of the national economy and one of the country’s largest sources of employment and foreign exchange, is facing intensifying pressure as manufacturers warn that global competitiveness is eroding at an alarming pace.Industry representatives say a convergence of soaring energy costs, delayed tax refunds, liquidity constraints…
Iran’s War Losses Estimated at $270 Billion, Government Spokesperson Says
Tehran: Iran has estimated its financial losses from the ongoing conflict at approximately $270 billion, dealing a significant blow to the country’s economy, infrastructure, and energy sector.A spokesperson for the Iranian government stated that Iran will defend the rights of its people at all costs and will also seek accountability for those killed in the…
Pakistan: 12 Militants Killed After Armed Raid on Banks in Balochistan
KHARAN, Pakistan — Pakistani security forces killed 12 militants following coordinated attacks on two banks and a police station in Kharan district of southwestern Balochistan province, the military said Thursday.Between 15 and 20 Indian-backed terrorists from the group Fitna al-Hindustan stormed the city police station and two commercial banks, making off with 3.4 million Pakistani…
Altaf Hussain Assumes Charge as Managing Director of National Grid Company
By Muhammad Shahzad | Lahore, Pakistan LAHORE — Altaf Hussain has taken charge as the Managing Director of the National Grid Company of Pakistan Limited (NGC), bringing with him over 30 years of international experience in power transmission and distribution. Mr. Hussain began his career with WAPDA in 1987, where he served for more than…
