- The Pakistan Textile Council (PTC) urged Prime Minister Shehbaz Sharif to declare an ‘Export Emergency’ due to declining export competitiveness, rising costs, and a widening trade deficit.
- Pakistan’s exports dropped over 14% year-on-year in November 2025, with a trade deficit reaching nearly USD15.5 billion in five months.
- The PTC proposed immediate measures: restoring a 1% tax regime on exports, abolishing super tax, reducing energy costs, rationalizing gas prices, restoring duty-free import items, and addressing cotton leakages.
- The PTC also called for abolishing SESSI and EOBI for exporters and mandating banks to allocate at least 50% of lending to the private sector.
- The council warned that without urgent action, Pakistan risks further economic contraction, factory shutdowns, and loss of international market share.
Source: brecorder.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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