#Karachi Economy

[reasonsforhope]

"Nasir Mansoor has spent 40 years fighting for Pakistan’s workers. Whether demanding compensation on behalf of the hundreds of people who died in a devastating 2012 factory fire in Karachi or demonstrating against Pakistani suppliers to global fashion brands violating minimum wage rules, he’s battled many of the country’s widespread labor injustices.

Yet so far, little has improved, said Mansoor, who heads Pakistan’s National Trade Union Federation in Karachi... Regulations and trade protocols look good on paper, but they rarely trickle down to the factory level. “Nobody cares,” Mansoor said. “Not the government who makes commitments, not the brands, and not the suppliers. The workers are suffering.”

Change on the Horizon

But change might finally be on the horizon after Germany’s new Supply Chain Act came into force last year. As Europe’s largest economy and importer of clothing, Germany now requires certain companies to put risk-management systems in place to prevent, minimize, and eliminate human rights violations for workers across their entire global value chains. Signed into law by German Chancellor Olaf Scholz in January 2023, the law covers issues such as forced labor, union-busting, and inadequate wages, for the first time giving legal power to protections that were previously based on voluntary commitments. Companies that violate the rules face fines of up to 8 million euros ($8.7 million)...

...As governments come to realize that a purely voluntary regimen produces limited results, there is now a growing global movement to ensure that companies are legally required to protect the people working at all stages of their supply chains.

The German law is just the latest example of these new due diligence rules—and it’s the one with the highest impact, given the size of the country’s market. A number of other Western countries have also adopted similar legislation in recent years, including France and Norway. A landmark European Union law that would mandate all member states to implement similar regulation is in the final stages of being greenlighted.

Although the United States has legislation to prevent forced labor in its global supply chains, such as the 2021 Uyghur Forced Labor Prevention Act, there are no federal laws that protect workers in other countries from abuses that fall short of forced labor. That said, a proposed New York state bill, the Fashion Act, would legally require most major U.S. and international brands to identify, prevent, and remediate human rights violations in their supply chain if passed, with noncompliance subject to fines. Since major fashion brands could hardly avoid selling their products in New York, the law would effectively put the United States on a similar legal level as Germany and France...

The Results So Far

As of January, Germany’s new law applies to any company with at least 1,000 employees in the country, which covers many of the world’s best-known fast fashion retailers, such as Zara and Primark. Since last January [Jan 2023], German authorities say they have received 71 complaints or notices of violations and conducted 650 of their own assessments, including evaluating companies’ risk management.

In Pakistan, the very existence of the German law was enough to spark action. Last year, Mansoor and other union representatives reached out to fashion brands that sourced some of their clothing in Pakistan to raise concerns about severe labor violations in garment factories. Just four months later, he and his colleagues found themselves in face-to-face meetings with several of those brands—a first in his 40-year career. “This is a big achievement,” he said. “Otherwise, [the brands] never sit with us. Even when the workers died in the factory fire, the brand never sat with us.” ...

-via The Fuller Project, April 2, 2024. Article headers added by me.

Article continues below, with more action-based results, including one factory that "complied, agreeing to respect minimum wages and provide contract letters, training on labor laws, and—for the first time—worker bonuses"

With the help of Mansoor and Zehra Khan, the general secretary of the Home-Based Women Workers Federation, interviews with more than 350 garment workers revealed the severity of long-known issues.

Nearly all workers interviewed were paid less than a living wage, which was 67,200 Pakistan rupees (roughly $243) per month in 2022, according to the Asia Floor Wage Alliance. Nearly 30 percent were even paid below the legal minimum wage of 25,000 Pakistani rupees per month (roughly $90) for unskilled workers. Almost 100 percent had not been given a written employment contract, while more than three-quarters were either not registered with the social security system—a legal requirement—or didn’t know if they were.

When Mansoor, Khan, and some of the organizations raised the violations with seven global fashion brands implicated, they were pleasantly surprised. One German retailer reacted swiftly, asking its supplier where the violations had occurred to sign a 14-point memorandum of understanding to address the issues. (We’re unable to name the companies involved because negotiations are ongoing.) The factory complied, agreeing to respect minimum wages and provide contract letters, training on labor laws, and—for the first time—worker bonuses.

In February [2024], the factory registered an additional 400 workers with the social security system (up from roughly 100) and will continue to enroll more, according to Khan. “That is a huge number for us,” she said.

It’s had a knock-on effect, too. Four of the German brand’s other Pakistani suppliers are also willing to sign the memorandum, Khan noted, which could impact another 2,000 workers or so. “The law is opening up space for [the unions] to negotiate, to be heard, and to be taken seriously,” said Miriam Saage-Maass, the legal director at ECCHR.

Looking Forward with the EU

...Last month [in March 2024], EU member states finally approved a due diligence directive after long delays, during which the original draft was watered down. As it moves to the next stage—a vote in the European Parliament—before taking effect, critics argue that the rules are now too diluted and cover too few companies to be truly effective. Still, the fact that the EU is acting at all has been described as an important moment, and unionists such as Mansoor and Khan wait thousands of miles away with bated breath for the final outcome.

Solidarity from Europe is important, Khan said, and could change the lives of Pakistan’s workers. “The eyes and the ears of the people are looking to [the brands],” Mansoor said. “And they are being made accountable for their mistakes.”"

-via The Fuller Project, April 2, 2024. Article headers added by me.

[mariacallous]

Nasir Mansoor has spent 40 years fighting for Pakistan’s workers. Whether demanding compensation on behalf of the hundreds of people who died in a devastating 2012 factory fire in Karachi or demonstrating against Pakistani suppliers to global fashion brands violating minimum wage rules, he’s battled many of the country’s widespread labor injustices.

Yet so far, little has improved, said Mansoor, who heads Pakistan’s National Trade Union Federation in Karachi. Despite spending most of his time dealing with issues in the country’s garment sector, labor laws are still routinely flouted inside factories. Not even European Union trade schemes such as the Generalized Scheme of Preferences—which benefits developing countries such as Pakistan but requires them to comply with international conventions on labor rights—have helped curb violations in an industry notorious for them. Regulations and trade protocols look good on paper, but they rarely trickle down to the factory level. “Nobody cares,” Mansoor said. “Not the government who makes commitments, not the brands, and not the suppliers. The workers are suffering.”

But change might finally be on the horizon after Germany’s new Supply Chain Act came into force last year. As Europe’s largest economy and importer of clothing, Germany now requires certain companies to put risk-management systems in place to prevent, minimize, and eliminate human rights violations for workers across their entire global value chains. Signed into law by German Chancellor Olaf Scholz in January 2023, the law covers issues such as forced labor, union-busting, and inadequate wages, for the first time giving legal power to protections that were previously based on voluntary commitments. Companies that violate the rules face fines of up to 8 million euros ($8.7 million).

For decades, Western companies based in countries with highly paid workers and strong labor protections have sourced from low-income countries where such laws don’t exist or are weakly enforced. While this business model cuts costs, it’s made it incredibly difficult for workers to seek justice when problems arise. Given the garment sector’s long history of poor labor conditions—whose victims are a predominantly female workforce—rights groups say the industry will feel some of the highest impacts of new due diligence laws such as Germany’s.

Until now, promises made by fashion brands to safeguard workers stitching clothes in factories around the world have been largely voluntary and poorly monitored. If the promises failed or fell short and that information became public, the main fallout was reputational damage. As governments come to realize that a purely voluntary regimen produces limited results, there is now a growing global movement to ensure that companies are legally required to protect the people working at all stages of their supply chains.

The German law is just the latest example of these new due diligence rules—and it’s the one with the highest impact, given the size of the country’s market. A number of other Western countries have also adopted similar legislation in recent years, including France and Norway. A landmark European Union law that would mandate all member states to implement similar regulation is in the final stages of being greenlighted.

Although the United States has legislation to prevent forced labor in its global supply chains, such as the 2021 Uyghur Forced Labor Prevention Act, there are no federal laws that protect workers in other countries from abuses that fall short of forced labor. That said, a proposed New York state bill, the Fashion Act, would legally require most major U.S. and international brands to identify, prevent, and remediate human rights violations in their supply chain if passed, with noncompliance subject to fines. Since major fashion brands could hardly avoid selling their products in New York, the law would effectively put the United States on a similar legal level as Germany and France.

Abuses in textile manufacturing have been well documented. Horror stories about brutal violence or building collapses make the news when there’s a major incident, but every day, members of a predominantly female workforce live on low wages, work long hours, and endure irregular contracts. Trade unions, when they are allowed, are often unable to protect workers. A decade ago, the European Parliament described the conditions of garment workers in Asia as “slave labour.”

As of January, Germany’s new law applies to any company with at least 1,000 employees in the country, which covers many of the world’s best-known fast fashion retailers, such as Zara and Primark. Since last January, German authorities say they have received 71 complaints or notices of violations and conducted 650 of their own assessments, including evaluating companies’ risk management.

In Pakistan, the very existence of the German law was enough to spark action. Last year, Mansoor and other union representatives reached out to fashion brands that sourced some of their clothing in Pakistan to raise concerns about severe labor violations in garment factories. Just four months later, he and his colleagues found themselves in face-to-face meetings with several of those brands—a first in his 40-year career. “This is a big achievement,” he said. “Otherwise, [the brands] never sit with us. Even when the workers died in the factory fire, the brand never sat with us.”

Nearly 12 years on from the 2012 fire, which killed more than 250 people, violations are still rife for Pakistan’s 4.4 million garment sector workers, who produce for many of the major global brands. Several of these violations were highlighted in research conducted by FEMNET, a German women’s rights nonprofit, and the European Center for Constitutional and Human Rights (ECCHR), a Berlin-based nongovernmental organization, into how companies covered by the Supply Chain Act were implementing their due diligence obligations in Pakistan. With the help of Mansoor and Zehra Khan, the general secretary of the Home-Based Women Workers Federation, interviews with more than 350 garment workers revealed the severity of long-known issues.

Nearly all workers interviewed were paid less than a living wage, which was 67,200 Pakistan rupees (roughly $243) per month in 2022, according to the Asia Floor Wage Alliance. Nearly 30 percent were even paid below the legal minimum wage of 25,000 Pakistani rupees per month (roughly $90) for unskilled workers. Almost 100 percent had not been given a written employment contract, while more than three-quarters were either not registered with the social security system—a legal requirement—or didn’t know if they were.

When Mansoor, Khan, and some of the organizations raised the violations with seven global fashion brands implicated, they were pleasantly surprised. One German retailer reacted swiftly, asking its supplier where the violations had occurred to sign a 14-point memorandum of understanding to address the issues. (We’re unable to name the companies involved because negotiations are ongoing.) The factory complied, agreeing to respect minimum wages and provide contract letters, training on labor laws, and—for the first time—worker bonuses.

In February, the factory registered an additional 400 workers with the social security system (up from roughly 100) and will continue to enroll more, according to Khan. “That is a huge number for us,” she said.

It’s had a knock-on effect, too. Four of the German brand’s other Pakistani suppliers are also willing to sign the memorandum, Khan noted, which could impact another 2,000 workers or so. “The law is opening up space for [the unions] to negotiate, to be heard, and to be taken seriously,” said Miriam Saage-Maass, the legal director at ECCHR.

After decades of issues being swept under the carpet, it’s a positive step, Mansoor said. But he’s cautious. Of the six remaining global fashion brands contacted, three are in discussions with the union, while three didn’t respond. Implementation is key, he said, particularly because there has already been pushback from some Pakistani factory owners.

Last month, EU member states finally approved a due diligence directive after long delays, during which the original draft was watered down. As it moves to the next stage—a vote in the European Parliament—before taking effect, critics argue that the rules are now too diluted and cover too few companies to be truly effective.

Still, the fact that the EU is acting at all has been described as an important moment, and unionists such as Mansoor and Khan wait thousands of miles away with bated breath for the final outcome. Solidarity from Europe is important, Khan said, and could change the lives of Pakistan’s workers. “The eyes and the ears of the people are looking to [the brands],” Mansoor said. “And they are being made accountable for their mistakes.”

[beardedmrbean]

KARACHI (Reuters) - Pakistan's economy could lose up to $300 million due to internet disruptions caused by imposition of a national firewall, the Pakistan Software Houses Association (P@SHA) said in a press release on Thursday.

Islamabad is implementing an internet firewall to monitor and regulate content and social media platforms, according local media reports. The government denies the use of the firewall for censorship.

Ali Ihsan, senior vice chairman of P@SHA, said the imposition of the firewall has already caused prolonged internet disconnections and erratic VPN performance, threatening a "complete meltdown of business operations".

"These disruptions are not mere inconveniences; but, a direct, tangible and aggressive assault on the industry's viability – inflicting an estimated and devastating financial losses estimated to reach $300 million, which can further increase exponentially," he said in the statement.

Pakistan's telecommunication authority and Pakistan's Minister of State for Information Technology Shaza Fatima Khawaja did not immediately respond.

Earlier this month, Khawaja told local media that the government did not plan to use firewalls as a form of censorship.

Pakistan has already blocked access to social media platform X since the February elections in which jailed former prime minister Imran Khan won the most seats despite a crackdown and ban on his party.

The government has said the blocking was to stop anti state activities and a failure by X to adhere to local Pakistani laws. Rights activists say the blocking of X is designed to stifle critical voices and democratic accountability in the country.

In its statement, P@SHA said that the government's lack of transparency around the firewall had "ignited a firestorm of distrust" among internet users and Pakistan's global IT clients who fear their proprietary data and privacy will be compromised.

P@SHA demanded an "immediate and unconditional halt to this digital siege" and called on the government to engage with the industry to develop a cybersecurity framework.

Pakistan recorded $298 million in IT exports in June, up 33% from the year before. During the fiscal year that ended in June, IT exports were worth $3.2 billion, up 24% from $2.5 billion in the fiscal year 2023.

[trendingnews19]

Toss Pakistan choose to bat vs New ZealandPakistan won the toss and elected to bat in the tri-series final in Karachi, five days before the two teams meet again in the Champions Trophy opener at the same venue.The hosts brought back seam-bowling allrounder Faheem Ashraf in place of fast bowler Mohammad Hasnain. This is Ashraf's first international since the Perth Test in December 2023. His recent white-ball form is encouraging: he was the second-highest wicket-taker in the recently concluded Bangladesh Premier League (BPL) with 20 strikes at an economy rate of 7.12 to go with some cameos with the bat.Henry was rested as a precautionary measure due to a minor knee niggle.New Zealand's pace spearhead Lockie Ferguson has resumed bowling after hurting his hamstring while playing in the ILT20 in the UAE but wasn't ready to play in the tri-series final. On the eve of the final, head coach Gary Stead was upbeat about Ferguson's progress, saying "he was tracking well."New Zealand will also be without Rachin Ravindra who had suffered a blow to the forehead in the tri-series opener. Ravindra had experienced headaches after the injury, but although it has subsided since, according to Stead, New Zealand don't intend to rush him back into action.Pakistan: 1 Babar Azam, 2 Fakhar Zaman, 3 Saud Shakeel, 4 Mohammad Rizwan (capt & wk), 5 Salman Agha, 6 Tayyab Tahir, 7 Faheem Ashraf, 8 Khushdil Shah, 9 Shaheen Shah Afridi, 10 Naseem Shah, 11 Abrar AhmedNew Zealand: 1 Devon Conway, 2 Will Young, 3 Kane Williamson, 4 Daryl Mitchell, 5 Tom Latham (wk), 6 Glenn Phillips, 7 Michael Bracewell, 8 Mitch Santner (capt), 9 Jacob Duffy, 10 Nathan Smith, 11 Will O'Rourke

[therepublicreport]

Sindh minister calls for bold steps to modernise agriculture

Listen to article KARACHI: Sindh Minister for Agriculture Muhammad Bux Khan Mahar stressed the need for taking bold steps to modernise and improve productivity while creating a more resilient agriculture sector. He was speaking at the concluding session of the two-day Pakistan Agriculture Coalition’s conference and expo held at Karachi Expo Centre on Thursday. He said agricultural economies…

[biographyit]

Pakistan EV sector to get $340m boost from Chinese firm

Sindh Energy Minister Syed Nasir Hussain Shah offers land, essential facilities to Chinese firm for venture An electric vehicle is plugged into a charging station in Bilbao, Spain, February 15, 2023. — Reuters  KARACHI: A major boost for Pakistan’s economy is underway as a Chinese consortium has pledged a $340 million investment to establish electric vehicle (EV) manufacturing plants and…

[divinejhonson]

The Role of Ready Mix Concrete in Shaping Pakistan's Urban Landscape

In the modern era, Pakistan’s urban landscape is undergoing a rapid transformation. Cities are expanding, infrastructure projects are booming, and the demand for high-quality construction materials has reached unprecedented levels. Among these materials, Ready Mix Concrete in Pakistan has emerged as a cornerstone of development, revolutionizing construction practices and ensuring efficiency, durability, and sustainability.

Understanding Ready Mix Concrete

Ready mix concrete (RMC) is a pre-mixed combination of cement, aggregates, water, and additives. It is manufactured in a controlled environment, ensuring consistency and quality. Delivered directly to construction sites in specialized transit mixers, RMC eliminates the need for on-site mixing, reducing labor and time requirements.

In Pakistan, the adoption of ready mix concrete has surged in recent years due to its numerous advantages over traditional concrete mixing methods.

Benefits of Ready Mix Concrete in Pakistan

Enhanced Quality and Consistency Ready mix concrete is produced in state-of-the-art batching plants, ensuring precise proportions and uniformity. This consistency minimizes structural issues and enhances the durability of buildings and infrastructure.

Time Efficiency With the growing pace of urbanization, time is a critical factor in construction projects. Ready mix concrete significantly reduces project timelines by streamlining the concrete preparation process.

Cost-Effectiveness While the initial cost of ready mix concrete may appear higher, its efficiency and reduction in wastage make it a cost-effective solution in the long run. Builders in Pakistan increasingly recognize its value in large-scale projects.

Environmentally Friendly By reducing material wastage and minimizing emissions from on-site mixing, RMC contributes to sustainable construction practices. In a country like Pakistan, where environmental concerns are growing, this is a significant advantage.

Adaptability to Complex Designs Modern urban architecture often involves intricate designs and structural requirements. Ready mix concrete offers flexibility in formulation, catering to diverse construction needs.

Applications of Ready Mix Concrete in Pakistan

The versatility of ready mix concrete makes it indispensable across various sectors:

Residential Projects From high-rise apartments to gated communities, RMC ensures safe and durable housing solutions. Its quick-setting properties also expedite the construction process.

Commercial Buildings Urban centers like Karachi, Lahore, and Islamabad are witnessing a surge in commercial development. Ready mix concrete plays a pivotal role in constructing malls, office buildings, and hotels.

Infrastructure Projects Roads, bridges, airports, and dams rely heavily on ready mix concrete for their construction. Its durability and strength are ideal for withstanding heavy loads and harsh environmental conditions.

Industrial Facilities Factories and warehouses require robust construction materials. RMC meets these demands with its high compressive strength and long-lasting performance.

Impact on Pakistan’s Urbanization

Accelerating Urban Development The use of ready mix concrete has enabled faster completion of projects, facilitating the expansion of cities and improving the quality of urban infrastructure.

Supporting Mega Projects High-profile projects like the Orange Line Metro Train in Lahore and the development of Gwadar Port rely on high-quality construction materials. RMC ensures these projects meet international standards.

Improved Living Standards By enhancing the durability and safety of residential and commercial buildings, ready mix concrete contributes to better living and working conditions in urban areas.

Job Creation and Economic Growth The ready mix concrete industry in Pakistan supports numerous jobs, from plant operators to delivery personnel, bolstering the country’s economy.

Challenges and Future Prospects

Despite its many benefits, the adoption of ready mix concrete in Pakistan faces certain challenges:

Lack of Awareness Many builders and contractors still rely on traditional methods, unaware of the advantages of ready mix concrete.

High Initial Costs The perception of higher costs deters smaller projects from utilizing RMC, despite its long-term savings.

Logistical Issues Transporting ready mix concrete over long distances can be challenging, particularly in remote areas.

Future Outlook

With increasing urbanization and the government’s focus on infrastructure development, the demand for ready mix concrete is expected to rise. Companies like Allied Materials are poised to lead this transformation, offering high-quality ready mix concrete tailored to Pakistan’s unique construction needs.

Why Choose Allied Materials?

As a trusted provider of Ready Mix Concrete in Pakistan, Allied Materials stands out for its commitment to quality, innovation, and customer satisfaction. Here’s why they are the go-to choice for contractors and developers:

State-of-the-Art Facilities Allied Materials operates advanced batching plants, ensuring the production of top-notch concrete that meets international standards.

Experienced Team With a team of skilled professionals, the company provides expert guidance and support throughout the construction process.

Eco-Friendly Practices By prioritizing sustainability, Allied Materials contributes to greener construction practices in Pakistan.

Timely Delivery Reliable logistics and efficient delivery systems ensure that ready mix concrete reaches your site on time, every time.

Customized Solutions Whether it’s a residential building or a large-scale infrastructure project, Allied Materials offers tailored concrete solutions to suit your specific requirements.

Conclusion

Ready mix concrete in Pakistan has revolutionized the construction industry in Pakistan, playing a vital role in shaping the country’s urban landscape. Its numerous benefits, including quality, efficiency, and sustainability, make it an indispensable material for modern construction. Companies like Allied Materials are at the forefront of this transformation, delivering high-quality ready mix concrete that meets the evolving needs of Pakistan’s urban centers. By embracing this innovative material, Pakistan can continue to build a future defined by resilience, sustainability, and progress. Whether you’re working on a residential project, a commercial building, or a massive infrastructure development, choosing ready mix concrete is a step toward better construction. And with trusted suppliers like Allied Materials, you’re guaranteed superior quality and exceptional service.

[arizoncapital]

Pakistan Real Estate Market: Trends and Outlook

The Pakistan real estate market has experienced significant growth in recent years, driven by increasing demand for housing and commercial spaces. In this blog post, we'll explore the current trends and outlook for the Pakistan real estate market.

Current Market Trends

1. •Increasing Demand for Housing: Pakistan's population is growing rapidly, leading to a surge in demand for housing. This demand is particularly high in urban areas like Karachi, Lahore, and Islamabad.

2. •Rise of Luxury Developments: There's been a significant increase in luxury real estate developments in Pakistan, catering to the growing demand for high-end properties.

3. •Growing Interest in Commercial Properties:

As the economy grows, there's a rising demand for commercial properties, including office spaces, retail shops, and warehouses.

4. •Government Initiatives:

The government has launched several initiatives to promote the real estate sector, including tax incentives and subsidies for developers.

Market Outlook

1. •Positive Growth Prospects:

The Pakistan real estate market is expected to continue growing, driven by increasing demand and government support.

2. •Emerging Trends:

Trends like sustainable development, smart homes, and coworking spaces are expected to gain traction in the Pakistan real estate market.

3. •Challenges Ahead:

Despite the positive outlook, the market faces challenges like regulatory issues, infrastructure constraints, and environmental concerns.

Investment Opportunities

1. •Residential Properties:

Investing in residential properties, particularly in urban areas, can provide attractive returns.

2. •Commercial Properties:

Investing in commercial properties, such as office spaces and retail shops, can provide a steady income stream.

3. •Real Estate Investment Trusts (REITs):

REITs offer a diversified portfolio of properties, providing a relatively stable investment option.

•Conclusion

The Pakistan real estate market offers attractive investment opportunities, driven by increasing demand and government support. However, it's essential to conduct thorough research and due diligence before making any investment decisions.

Join Arison Capital for more insights and updates on the Pakistan real estate market!

Sources:

- Pakistan Bureau of Statistics

- State Bank of Pakistan

- Pakistan Real Estate Association

[psl2025schedule]

Mustafizur Rahman has been a consistent performer in the Pakistan Super League (PSL) across multiple seasons. He made his debut in 2016 with Karachi Kings, playing 7 matches and taking 11 wickets at an impressive average of 19.64. In 2017, he continued with Karachi Kings, featuring in 10 matches and claiming 13 wickets at an average of 19.30. In the 2018 season, Mustafizur represented Lahore Qalandars, playing 5 matches and taking 4 wickets with an average of 25.75. Over 22 PSL matches, he has taken 28 wickets in total, maintaining an economy rate of 7.60 and a bowling average of 21.92. For more visit https://psl2025schedule.pk/mustafizur-rahman-psl-stats-matches-teams/

[dailyilm]

Chinese Company to Invest $350 Million to Establish 3,000 EV Charging Stations in Pakistan

In a groundbreaking development for Pakistan’s electric vehicle (EV) sector, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced a strategic partnership with a prominent Chinese Company to Invest $350 Million. This collaboration aims to install 3,000 EV charging stations across the country, significantly enhancing Pakistan’s EV charging network.

This ambitious initiative, backed by the Government of Pakistan, seeks to modernize the country’s transportation sector and reduce its dependence on fossil fuels. A substantial $350 million foreign investment will fund the project, which is expected to strengthen Pakistan’s economy and environmental sustainability.

The EV charging network will primarily focus on high-traffic areas, including major motorways such as the Peshawar-to-Karachi route. This development is seen as a major step toward a cleaner, greener, and more energy-secure Pakistan.

Investment Details and Phased Rollout

According to Malik Khuda Bakhsh, Convenor of the FPCCI’s Energy Standing Committee, the project will be rolled out in two strategic phases. The first phase will see an initial investment of $90 million to establish key EV charging stations at critical locations.

The second phase, scheduled to begin in February 2025, will witness an additional $250 million investment. This phase will focus on local manufacturing of EV charging equipment and expansion of related infrastructure. By focusing on local production, the project aims to boost Pakistan’s industrial capacity and support domestic manufacturing.

This phased approach ensures the smooth implementation of the project while creating opportunities for local employment. The development is expected to generate thousands of new jobs, support local businesses, and strengthen Pakistan’s growing EV sector.

Economic and Environmental Benefits

The establishment of a comprehensive EV charging network has far-reaching economic and environmental implications for Pakistan. One of the most significant economic benefits is the reduction of Pakistan’s reliance on imported fossil fuels. By encouraging the use of EVs, the project will help the country preserve its foreign exchange reserves and reduce its fuel import bill.

Moreover, the project’s environmental impact is equally crucial. Electric vehicles produce zero tailpipe emissions, which can play a key role in reducing air pollution in densely populated cities like Karachi, Lahore, and Islamabad. Improved air quality will result in better public health outcomes and support the government's broader environmental goals of reducing carbon emissions and combating climate change.

The establishment of EV charging stations aligns with Pakistan’s commitment to sustainable development. By promoting cleaner energy solutions, Pakistan can achieve its environmental targets while simultaneously supporting its economic growth.

Chinese Investors’ Role in Pakistan’s EV Sector

Chinese investors have been instrumental in supporting Pakistan’s energy and infrastructure sectors. Their involvement in the EV sector signifies a vote of confidence in Pakistan’s economic potential. Malik Khuda Bakhsh highlighted that Chinese companies are actively engaging with the Government of Pakistan, the Government of Sindh, and private sector stakeholders to identify and seize new investment opportunities.

These discussions include plans for technology transfer, enhanced collaboration in renewable energy, and the development of the Thar Coalfield. The participation of Chinese firms in Pakistan’s EV sector reflects the growing bilateral ties between the two nations and their shared commitment to sustainable energy.

By partnering with Pakistan in this transformative project, Chinese companies are fostering a spirit of economic cooperation. Their role extends beyond investment, as they bring technological expertise, operational efficiency, and a wealth of experience to Pakistan’s energy landscape.

Strategic Importance for Pakistan’s EV Sector

The development of 3,000 EV charging stations across Pakistan is a transformative move that will change the country's transportation landscape. As more EV charging stations become available, the shift toward electric vehicles will become more practical and appealing for consumers. This shift is expected to reduce the overall cost of transportation and decrease Pakistan’s dependence on imported fuel.

Furthermore, the project’s emphasis on local production of EV charging equipment will contribute to industrial growth and technology development. By fostering local manufacturing, the project supports the "Made in Pakistan" initiative, encouraging self-reliance in crucial sectors like renewable energy and green technology.

The initiative will also create business opportunities for small and medium enterprises (SMEs) involved in equipment supply, maintenance, and installation. This broad-based economic activity will stimulate local economic growth and strengthen the country’s position as a regional hub for EV production and infrastructure.

The $350 million EV charging infrastructure project is a landmark development for Pakistan’s transportation sector. With 3,000 charging stations planned, the country is taking a significant step toward a cleaner, more energy-secure future. The project’s dual focus on local manufacturing and economic growth ensures that its impact will be felt across multiple sectors of Pakistan’s economy.

[shadi-pk-connections]

Affordable Car Rental Services – Travel Anytime, Anywhere with GoRide!

In today’s fast-paced world, finding a reliable and affordable car rental service is crucial for both personal and professional travel needs. Whether you’re planning a road trip, need a vehicle for business purposes, or simply want a hassle-free way to get around, GoRide is here to make your journey seamless and budget-friendly.

Why Choose GoRide?

At GoRide, we understand the importance of affordability without compromising on quality. That’s why we offer:

Wide Range of Vehicles: From economy cars to luxury sedans and spacious SUVs, we cater to all your travel preferences.

Competitive Pricing: Enjoy transparent and affordable pricing without hidden charges.

Convenient Booking: Our user-friendly platform allows you to book a car in just a few clicks.

Reliable Customer Support: Our 24/7 customer service ensures you’re never left stranded during your journey.

Nationwide Coverage: Whether you're in Karachi, Lahore, Islamabad, or any other city, our services have you covered.

Travel Anytime, Anywhere

GoRide is your trusted partner for all travel needs, ensuring you can:

Explore New Destinations: Embark on road trips with peace of mind, knowing you have a reliable vehicle at your disposal.

Commute for Business: Impress your clients or partners with a well-maintained car from our fleet.

Attend Special Occasions: Make your celebrations memorable with comfortable and stylish rides.

Why Affordability Matters

Travel should be a joy, not a financial burden. With GoRide, you get premium service at pocket-friendly prices, making it accessible for everyone to experience the freedom of convenient travel. We believe in offering value for money so you can focus on what truly matters: enjoying the journey.

Book Your Ride Today!

Whether it’s a short trip across the city or a long-distance journey, GoRide ensures you travel in comfort and style without breaking the bank. Visit us now at goride.pk.

[ammararif12345678]

Toyota Indus: A Leading Force in Pakistan’s Automotive Industry

Toyota Indus is one of the most prominent names in the automotive sector of Pakistan, playing a crucial role in shaping the country's car manufacturing industry. Established as a joint venture between Toyota Motor Corporation of Japan, House of Habib, and other Pakistani investors, Toyota Indus Motor Company (IMC) has become synonymous with reliability, quality, and innovation in Pakistan’s automotive market.

History and Establishment

Founded in 1989, Toyota Indus began its operations with a vision to provide world-class vehicles tailored to meet the specific needs of Pakistani consumers. The company established its manufacturing plant in Karachi, and since then, it has produced millions of vehicles for the local market. As a subsidiary of Toyota Motor Corporation, Toyota Indus adheres to the global standards of quality and performance, making it a leader in Pakistan’s car manufacturing industry.

Vehicle Lineup

Toyota Indus offers a wide range of vehicles that cater to various segments of the Pakistani market. From economy cars to luxury sedans and robust SUVs, the company’s lineup includes some of the most popular models in Pakistan:

Toyota Corolla: One of the best-selling cars in Pakistan, the Toyota Corolla is known for its durability, fuel efficiency, and affordability. It has been a household name in the country for decades.

Toyota Yaris: A relatively newer model, the Toyota Yaris targets the compact car segment, offering a balance between comfort, technology, and affordability.

Toyota Fortuner: A premium SUV, the Toyota Fortuner is a favorite among consumers looking for luxury, power, and off-road capability.

Toyota Hilux: Known for its toughness and versatility, the Toyota Hilux is a popular choice for both commercial and personal use, particularly in rural areas where off-road capabilities are essential.

Contribution to Pakistan’s Economy

Toyota Indus has made significant contributions to Pakistan’s economy by providing employment opportunities and promoting local manufacturing. The company operates one of the largest automotive manufacturing plants in Pakistan, producing vehicles that meet the local market demand and exporting certain models to other regions. By encouraging localization, Toyota Indus has played a key role in developing Pakistan’s auto parts industry, fostering technological advancements, and transferring expertise to local suppliers.

Moreover, Toyota Indus has consistently contributed to Pakistan’s economic growth by generating revenue through its sales and creating jobs, directly and indirectly, in manufacturing, supply chains, and dealerships across the country.

Commitment to Quality and Innovation

Toyota Indus maintains its reputation for high-quality vehicles by adhering to Toyota’s global standards. The company focuses heavily on quality control, ensuring that every car produced meets the rigorous standards set by its parent company. Additionally, Toyota Indus has introduced several environment-friendly technologies, such as hybrid vehicles, to promote sustainability in Pakistan.

After-Sales Service and Customer Satisfaction

One of the key strengths of Toyota Indus is its strong after-sales service network. With dealerships and service centers spread across the country, Toyota Indus ensures that its customers receive top-notch maintenance and support for their vehicles. This focus on customer satisfaction has helped the company build long-term loyalty among its clients.

Social Responsibility

Apart from its business operations, Toyota Indus is committed to corporate social responsibility (CSR). The company regularly engages in various community service initiatives, focusing on education, health, and environmental conservation. Projects such as tree plantation campaigns and supporting local educational institutions demonstrate Toyota Indus’s dedication to giving back to society.

Conclusion

Toyota Indus has played a pivotal role in revolutionizing Pakistan’s automotive industry. By combining the global standards of Toyota Motor Corporation with a deep understanding of the local market, the company has established itself as a trusted brand among Pakistani consumers. With its continued focus on innovation, quality, and customer satisfaction, Toyota Indus is well-positioned to remain a key player in Pakistan’s automotive landscape for years to come.

[eximityin]

Kandla Port: A Strategic Hub for Boosting International Trade in Gujarat

Kandla Port in Gujarat, officially known as Deendayal Port, stands as a cornerstone of trade and commerce in the region. This port's strategic location and rich history make it a vital asset in the network of Largest Ports in India.

Historical Significance: Established in the 1950s, Kandla Port has played a pivotal role in the economic development of India. It was constructed to replace the loss of the Karachi port following partition and has since evolved into one of the biggest ports in Gujarat.

Economic Impact: As a major hub for import export activities, Kandla Port significantly contributes to the local and national economy. It facilitates the efficient movement of a vast array of commodities, including petroleum, chemicals, and agricultural products, making it a critical node in India's maritime trade.

Expansion and Development: Ongoing modernization efforts ensure that Kandla continues to accommodate increasing trade volumes. This includes expanding dock facilities and enhancing cargo handling capacities, which solidify its status as one of the Largest Ports in India.

Role of Eximity: Companies like Eximity leverage Kandla’s strategic advantages to optimize logistics solutions for their clients, enhancing the port's role in global trade networks.

In conclusion, the enduring significance and continual development of Kandla Port in Gujarat ensure its place as a pivotal player among the Largest Ports in India, boosting international trade and economic growth in the region.

[therepublicreport]

Economy: challenges and road ahead

Listen to article KARACHI: The recently published “State of the Pakistan’s Economy Report 2025”, where Q-block pitched a turnaround narrative, asserting that sound macroeconomic management, inflation control, and fiscal discipline have set the stage for sustainable growth. However, a critical analysis reveals that much of this stability is fragile and reliant on temporary factors such as the…

[biographyit]

Economy shows resilient growth in first half of FY2025: report

A currency broker stands near his booth, which is decorated with pictures of currency notes, while dealing with customers, along a road in Karachi, Pakistan January 27, 2023.— Reuters The economy maintained its positive trajectory in the first half of FY2024-25, with GDP expanding by 2.5% after last year’s contraction, building on the stabilisation achieved in FY2024, according to a Finance…