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Time to wake up as GSP+ facility may face risks

Time to wake up as GSP+ facility may face risks
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

European Parliament turns up the heat on Pakistan, GSP+ in jeopardy

The European Parliament’s call in April for an “immediate reassessment of the EU-Pakistan trade regime” is not being taken seriously in Islamabad, even though there is a risk of temporary withdrawal of the Generalised System of Preferences-Plus (GSP+) facility, a Daily Times (DT) investigation has revealed.

Trade bodies reject Sindh government s move to increase minimum wage

Daily Times July 30, 2021 KCCI-karachi-chamber-of-commerce-IndustryTrade bodies including the Karachi Chamber of Commerce and Industry (KCCI) have rejected the Sindh government’s move to increase minimum wages by 43 percent and called it an unconstitutional step with negative consequences. The KCCI issued a statement here and said industries of Sindh particularly of Karachi were highly aggrieved and perturbed by the Sindh government’s move to increase the minimum wage from Rs17,500 to Rs25,000 without following due process of law and contrary to the provisions of Sindh Minimum Wage Act 2015 and ILO’s minimum wages fixation convention 1970. The increase in the minimum wage would make industries of Sindh uncompetitive and unviable to operate, not locally but also globally, it stated, adding that minimum wage in the centre and Punjab was Rs20,000 while in Khyber Pakhtunkhwa (KP) and Balochistan it was Rs21,000 and the minimum wages fixed by Sindh were not equitable to the empl

Govt implementing agenda of economic stability: Dawood

Daily Times Advisor says Uzbekistan will prove to be a gateway for Pakistan to other Central Asian countries July 18, 2021 Adviser to Prime Minster on Commerce and Investment Abdul Razak Dawood has said that the government is successfully completing its agenda of economic stability. He was addressing a meeting of exporters at the Sialkot Chamber of Commerce and Industry (SCCI) here on Saturday. SCCI President Qaisar Iqbal Baryar, Senior Vice President (SVP) Khurram Aslam Butt, Vice President (VP) Ansar Puri, Chairman AirSial Airline Fazal Jillani, Chairman Sialkot International Airline Limited (SIAL) Khwaja Masood Akhtar (Sitara Imtiaz), SCCI former presidents and a large number of business community members were also present.

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