Case for Restoration of Zero Rating
Dr. Gohar Ejaz Exports remained largely stagnant from 2012 to 2018, while regional competitors witnessed commendable export growth rates that strengthened their economies considerably. Our inward-oriented trade policies served as a substantial roadblock to the economy’s ability to keep pace in global trade, despite the great potential of our business sector. Then in 2019 as a […]
Energy prices: industry begins to buckle?
Dr Gohar Ejaz The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in inflation in Pakistan over the past year, and aptly identifies its key drivers: * External factors, including rising global food and energy prices * Domestic economic conditions and policy settings, including a weaker Rupee and an […]
Analyzing Competitive Energy Tariffs in Pakistan
Dr. Gohar Ejaz Strong policy support in the form of regionally competitive energy tariffs (RCET) enabled textile exports to increase by 56% to reach $19.5 billion in 2022, and they are projected to reach at least $24 billion by the end of FY23. This growth trajectory is indicative of the tremendous impact created by applying […]
Pakistan’s textile sector – A reliable pathway to counter debt!
Dr. Gohar Ejaz The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in inflation in Pakistan over the past year, and aptly identifies its key drivers: External factors, including rising global food and energy prices Domestic economic conditions and policy settings, including a weaker Rupee and an overheating economy […]
Achieving $50 Billion Textile Exports in 4 Years
Dr. Gohar Ejaz Pakistan’s textile industry is on an upward trajectory with the addition of $500 million per month through incremental capacity. This has been enabled through TERF and its support of 100 new projects. However, even the current capacity is not fully utilized due to energy supply and quality constraints for the last 6 […]
Gohar Ejaz: Textile Vision 2025
The demand for textile apparel in the world reached $860 billion at the end of FY19 and it is projected to increase at a CAGR of 4.4% during the next 4 years, but Pakistan’s textile industry has not captured a sufficient level of this demand, given its potential. The textile industry is faced with countless […]
Fallout of Energy Crisis on Textile Exports
Distortions and inefficiencies in Pakistan’s energy sector and their consequential impact on consumers and businesses are not new to debates concerning sustained economic growth of the country. The fallout of high energy tariffs and the circular debt crisis on the textile industry – Pakistan’s single largest contributor to exports (60%), manufacturing sector employment (40%) and […]
Foreign Aid or Export-led Growth?
Foreign Aid or Export-led Growth? Pakistan’s total public debt rose to Rs36.3 trillion, which is equivalent to 87 percent of the GDP, by the end of the previous fiscal year, and is anticipated to continue on a steep upward trajectory. It is evident that in spite of the large amounts coming in, the country’s economic […]
Articulating a new Textile Vision to Boost Exports
Articulating a new Textile Vision to Boost Exports The demand for textile apparel in the world reached $860 billion at the end of FY19 and it is projected to increase at a CAGR of 4.4% during the next 4 years, but Pakistan’s textile industry has not captured a sufficient level of this demand, given its […]