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Pakistan has opportunity to rationalise tariffs
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Govt urged to unseal cottage units in Mehran Town
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July 16, 2021
KARACHI: Business community on Thursday voiced strong regrets over the provincial government’s ‘unfair’ decision to reimpose two-week lockdown on economic activities, advising it to use administrative powers instead to enforce coronavirus preventive rules.
In a strongly-worded joint statement, Businessmen Chairman Group Zubair Motiwala and Karachi Chamber of Commerce and Industry (KCCI) President Shariq Vohra said millions of people associated with restaurants, hotels, cafes, cinema houses, indoor gyms, indoor sports and inland tourism “will die of starvation instead of dying due to diseases triggered by the pandemic.
“Therefore, the government must understand the gravity of the situation and withdraw the unjust decision to once again close down numerous businesses.”
US retail giant adds Pakistani products
Dawood says country should prioritise brand development to enhance exports
The Kroger supermarket chain s headquarters is shown in Cincinnati, Ohio. PHOTO: REUTERS
KARACHI:
Pakistan’s endeavours to promote its products at the retail level have borne fruit as The Kroger Company, the third largest retail store chain in the US, has added Pakistani food products to its outlets.
“The Ministry of Commerce is pleased to inform that Pakistani food products are now available at The Kroger Co, US,” tweeted Adviser to Prime Minister on Commerce Abdul Razak Dawood on Tuesday.
According to a statement issued by the Ministry of Commerce, the company has 2,700 stores and an annual turnover of nearly $122 billion.
EU parliament’s resolution for reviewing the preferential scheme for imports from Pakistan has triggered some panic
ISLAMBAD:
The expression out of the frying pan and into the fire may be considered apt for Pakistan as it faces a potential threat to its exports to the European Union just as the country had begun to recover from the impact of the Covid-19 pandemic.
“Notwithstanding, the recent rise in Covid cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism,” according to a new World Bank report. The Covid-19 outbreak dealt a devastating blow to the world economy as global trade came to a grinding halt with economies going into lockdown. Even though Pakistan did not escape unscathed, it managed to rebound fairly quickly aided by the textile industry that received hefty orders from international buyers.
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