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Textile industry in Pakistan: Challenges, opportunities and future prospects In 2024, Pakistan’s textile industry, once cornerstone of national economy, stands at critical crossroads In this picture taken on July 20, 2023, a worker operates a machine preparing fabric at a textile mill in Lahore. — AFP The textile industry in Pakistan is a testament to the country’s resilience and adaptability in the face of global economic slowdown triggered by the increased production costs. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); In 2021, the sector achieved a landmark, with textile exports reaching a record $19.9 billion, accounting for more than half of Pakistan’s total exports. This milestone highlighted the industry’s critical role in the national economy and showcased its potential as a global player in the textile market. However, the journey has been far from smooth. Amidst the global economic slowdown triggered by the increase in energy expenses, Pakistan’s industrial manufacturing sector has been adversely affected, mirroring the situation in other parts of the world. The textile industry, which has been a crucial sector of Pakistan’s economy since its inception, contributing significantly to the country’s GDP, employment, and exports, faces additional challenges due to the country’s struggling economy and prolonged periods of political instability. In 2024, Pakistan’s textile industry, once a cornerstone of the national economy, stands at a critical crossroads. Once globally competitive, it now faces unprecedented challenges threatening its global standing. Meanwhile, Bangladesh, a major competitor in the textile sector, is grappling with a severe crisis, prompting international buyers to seek alternative suppliers. This presents a potential opportunity for Pakistan. Textile industry is well-positioned to absorb Bangladesh’s displaced orders provided the government eases stifling policies. Bangladesh’s textile industry, known for its low-cost garment production, has been hit by political instability, energy shortages, rising labour costs, and environmental challenges. Global brands that once depended on Bangladesh are now searching for alternative suppliers. Unfortunately, Pakistan is unable to fill this gap due to its own set of challenges. High energy costs, heavy taxation, lack of technological investment, and supply chain disruptions have restricted the growth pace. Global conditions are generally favourable for exports, with American and European brands shifting away from China and Myanmar. This is the time to re-design export strategies to grab these huge export opportunities that will lead to economic prosperity for the country. Resolving Pakistan’s energy crisis is crucial. Stable and affordable energy could be a game-changer for the industry as high energy costs are a significant burden, directly affecting the competitiveness of Pakistani textiles in the global market. Power tariff has exceeded a critical threshold of over 14 cents/KWh, which is almost twice the average faced by competing economies like Vietnams, India, and Bangladesh. Similarly, gas/RLNG tariff for industries has reached to $13.5 per mmbtu, which makes the industry unviable within the region. Gas is the basic fuel for the export-oriented textile value chain. However, gas supply to highly efficient captive co-generation power plants will be discontinued from January 1, 2025. This move will hamper the industrial manufacturing leading to a large-scale industrial closure and massive unemployment. Huge investments of billions of rupees will become sunk cost as additional investments will be required for grid connectivity. DISCOs inability (outages/fluctuations) to maintain stable and consistent power will enormously damage the highly automated machines leading to heavy losses. Large-scale manufacturing (LSM) units with power demands exceeding 10 MW per hour, will be required to install own grids, which is a time-consuming process that requires billions of rupees in investment. Unwarranted delay in payment of outstanding refunds is inflicting a severe strain on the highest growth-oriented and employment providing textile industry. This poses a substantial financial burden on exporters as a significant portion of exporters’ working capital (more than Rs300 billion) remains trapped in the refund regime on account of Sales Tax, Income Tax, Duty Drawback etc, resulting in the burden of paying interest on outstanding refunds. The advance income tax on exporters has doubled in the last federal budget, including 1pc minimum tax (advance under Section 154) and an additional 1pc advance tax under Section 147. This has severely affected exporters’ cash flow. Manufacturers involved in domestic textile trade pay only 1.25pc advance tax, while exporters bear a heavier burden. Since exporters already pay 29pc income tax on earnings, we recommend that individual exporters’ Q1FY25 reviewed accounts by the chartered accountants be analysed by FBR. Exporters with low profitability whose tax liability is covered by Section 154, advance tax should be exempt from Section 147 advance tax. The Sales Tax Act 1990 holds exporters responsible for the GST input across the entire supply chain. This is both illogical and unfair, as exporters can only be accountable for their direct business partners and have no access to FBR systems to track the supply chain origin. Exporters are one of the most compliant sectors, providing detailed monthly disclosures under the sales tax regime. The 12pc sales cap and Form H already provide a complete accounting of materials and finished products. We request this anomaly be corrected, and that a regulatory framework be established to prevent harassment. In terms of subsection 7 of Section 3, a registered person can be made liable to withhold sales tax charged by his supplier on his supplies to the extent and manner prescribed in 11th schedule of the Sales Tax Act 1990. The exporters maybe declared as withholding agent in terms of subsection 7 of Section 3 and extent of withholding against all of their purchases may be notified in the 11th schedule of the Act. The EFS scheme was launched after thorough deliberation to document the export value chain and support export-oriented businesses. However, the recent budget removed the scheme for domestic trade, despite being revenue-neutral (due to zero-rating of GST on exports). This withdrawal has negatively impacted the textile value chain’s cash flow and is a major obstacle to achieving double-digit growth. Rationalising the scheme will help address these concerns. Expanding export markets beyond traditional regions will reduce reliance on a few large buyers and tap into emerging markets in Africa and Latin America. Pakistan’s textile industry is at a pivotal moment. While Bangladesh’s crisis has created an opening, Pakistan’s internal struggles have hindered the sector’s ability to capitalise on it. However, with the right mix of investment, government support, and a focus on sustainability, Pakistan still has the potential to re-emerge as a global leader in textiles.Saudi Arabia's network of spending and influence detailed before getting 2034 World Cup from FIFAurl www acegame888 com login registration

Amanda Abbington rejects huge money offer to appear on popular reality show after Strictly hellCake sales pick up paceRenuka Rayasam | (TNS) KFF Health News In April, just 12 weeks into her pregnancy, Kathleen Clark was standing at the receptionist window of her OB-GYN’s office when she was asked to pay $960, the total the office estimated she would owe after she delivered. Clark, 39, was shocked that she was asked to pay that amount during this second prenatal visit. Normally, patients receive the bill after insurance has paid its part, and for pregnant women that’s usually only when the pregnancy ends. It would be months before the office filed the claim with her health insurer. Clark said she felt stuck. The Cleveland, Tennessee, obstetrics practice was affiliated with a birthing center where she wanted to deliver. Plus, she and her husband had been wanting to have a baby for a long time. And Clark was emotional, because just weeks earlier her mother had died. “You’re standing there at the window, and there’s people all around, and you’re trying to be really nice,” recalled Clark, through tears. “So, I paid it.” On online baby message boards and other social media forums , pregnant women say they are being asked by their providers to pay out-of-pocket fees earlier than expected. The practice is legal, but patient advocacy groups call it unethical. Medical providers argue that asking for payment up front ensures they get compensated for their services. How frequently this happens is hard to track because it is considered a private transaction between the provider and the patient. Therefore, the payments are not recorded in insurance claims data and are not studied by researchers. Patients, medical billing experts, and patient advocates say the billing practice causes unexpected anxiety at a time of already heightened stress and financial pressure. Estimates can sometimes be higher than what a patient might ultimately owe and force people to fight for refunds if they miscarry or the amount paid was higher than the final bill. Up-front payments also create hurdles for women who may want to switch providers if they are unhappy with their care. In some cases, they may cause women to forgo prenatal care altogether, especially in places where few other maternity care options exist. It’s “holding their treatment hostage,” said Caitlin Donovan, a senior director at the Patient Advocate Foundation . Medical billing and women’s health experts believe OB-GYN offices adopted the practice to manage the high cost of maternity care and the way it is billed for in the U.S. When a pregnancy ends, OB-GYNs typically file a single insurance claim for routine prenatal care, labor, delivery, and, often, postpartum care. That practice of bundling all maternity care into one billing code began three decades ago, said Lisa Satterfield, senior director of health and payment policy at the American College of Obstetricians and Gynecologists . But such bundled billing has become outdated, she said. Previously, pregnant patients had been subject to copayments for each prenatal visit, which might lead them to skip crucial appointments to save money. But the Affordable Care Act now requires all commercial insurers to fully cover certain prenatal services. Plus, it’s become more common for pregnant women to switch providers, or have different providers handle prenatal care, labor, and delivery — especially in rural areas where patient transfers are common. Some providers say prepayments allow them to spread out one-time payments over the course of the pregnancy to ensure that they are compensated for the care they do provide, even if they don’t ultimately deliver the baby. “You have people who, unfortunately, are not getting paid for the work that they do,” said Pamela Boatner, who works as a midwife in a Georgia hospital. While she believes women should receive pregnancy care regardless of their ability to pay, she also understands that some providers want to make sure their bill isn’t ignored after the baby is delivered. New parents might be overloaded with hospital bills and the costs of caring for a new child, and they may lack income if a parent isn’t working, Boatner said. In the U.S., having a baby can be expensive. People who obtain health insurance through large employers pay an average of nearly $3,000 out-of-pocket for pregnancy, childbirth, and postpartum care, according to the Peterson-KFF Health System Tracker . In addition, many people are opting for high-deductible health insurance plans, leaving them to shoulder a larger share of the costs. Of the 100 million U.S. people with health care debt, 12% attribute at least some of it to maternity care, according to a 2022 KFF poll . Families need time to save money for the high costs of pregnancy, childbirth, and child care, especially if they lack paid maternity leave, said Joy Burkhard , CEO of the Policy Center for Maternal Mental Health, a Los Angeles-based policy think tank. Asking them to prepay “is another gut punch,” she said. “What if you don’t have the money? Do you put it on credit cards and hope your credit card goes through?” Calculating the final costs of childbirth depends on multiple factors, such as the timing of the pregnancy , plan benefits, and health complications, said Erin Duffy , a health policy researcher at the University of Southern California’s Schaeffer Center for Health Policy and Economics. The final bill for the patient is unclear until a health plan decides how much of the claim it will cover, she said. But sometimes the option to wait for the insurer is taken away. During Jamie Daw’s first pregnancy in 2020, her OB-GYN accepted her refusal to pay in advance because Daw wanted to see the final bill. But in 2023, during her second pregnancy, a private midwifery practice in New York told her that since she had a high-deductible plan, it was mandatory to pay $2,000 spread out with monthly payments. Daw, a health policy researcher at Columbia University, delivered in September 2023 and got a refund check that November for $640 to cover the difference between the estimate and the final bill. “I study health insurance,” she said. “But, as most of us know, it’s so complicated when you’re really living it.” While the Affordable Care Act requires insurers to cover some prenatal services, it doesn’t prohibit providers from sending their final bill to patients early. It would be a challenge politically and practically for state and federal governments to attempt to regulate the timing of the payment request, said Sabrina Corlette , a co-director of the Center on Health Insurance Reforms at Georgetown University. Medical lobbying groups are powerful and contracts between insurers and medical providers are proprietary. Because of the legal gray area, Lacy Marshall , an insurance broker at Rapha Health and Life in Texas, advises clients to ask their insurer if they can refuse to prepay their deductible. Some insurance plans prohibit providers in their network from requiring payment up front. If the insurer says they can refuse to pay up front, Marshall said, she tells clients to get established with a practice before declining to pay, so that the provider can’t refuse treatment. Related Articles Health | Which health insurance plan may be right for you? Health | California case is the first confirmed bird flu infection in a US child Health | Your cool black kitchenware could be slowly poisoning you, study says. Here’s what to do Health | Does fluoride cause cancer, IQ loss, and more? Fact-checking Robert F. Kennedy Jr.’s claims Health | US towns plunge into debates about fluoride in water Clark said she met her insurance deductible after paying for genetic testing, extra ultrasounds, and other services out of her health care flexible spending account. Then she called her OB-GYN’s office and asked for a refund. “I got my spine back,” said Clark, who had previously worked at a health insurer and a medical office. She got an initial check for about half the $960 she originally paid. In August, Clark was sent to the hospital after her blood pressure spiked. A high-risk pregnancy specialist — not her original OB-GYN practice — delivered her son, Peter, prematurely via emergency cesarean section at 30 weeks. It was only after she resolved most of the bills from the delivery that she received the rest of her refund from the other OB-GYN practice. This final check came in October, just days after Clark brought Peter home from the hospital, and after multiple calls to the office. She said it all added stress to an already stressful period. “Why am I having to pay the price as a patient?” she said. “I’m just trying to have a baby.” ©2024 KFF Health News. Distributed by Tribune Content Agency, LLC.



"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.

My friend Agnes Flues, who has died suddenly aged 42, was a courageous and principled trade unionist. She was branch president of the University and College Union (UCU) at Nottingham University from 2020 to the summer of 2023, when she relinquished the position following her election to the union’s national executive committee. During her time as branch president, Agnes led local strike action to challenge (successfully) harmful changes to the pension scheme. She was the public face of the branch – speaking at rallies, talking to the media and working with students and the community to win support for the campaign. Agnes first became active in the UCU during the first wave of pension strikes in 2018. The dispute had a transformative impact on her and she quickly became involved in the union: helping to organise picket lines, becoming UCU departmental representative in the school of law and joining the branch committee. She won the respect and support of union members, and she was a popular choice for branch president when the position became vacant. Born in Stuttgart, Germany , to Annaliese and Stefan Flues, Agnes moved to Italy with her mother when she was five. As a student she completed a BA in international relations and human rights, and a MA in political institutions of human rights and peace at the Università degli Studi di Padova. It was her pursuit of a European master’s degree in human rights and democratisation at what was then the European Inter-University Centre in Lido, Venice, that first brought her to UK. She arrived at the University of Nottingham in 2008 on her semester abroad before beginning work at the school of law’s Human Rights Law centre later in the same year. Initially starting as a student intern, Agnes went on to the serve as the centre’s coordinator for a decade, managing the production of research, publications and events focused on the protection of human rights globally. Additionally, Agnes represented union members in countless meetings with university management during the Covid pandemic and also played a leading part in developing and presenting the branch’s alternative financial strategy. This provided a forensic critique of how national and local financial strategies were progressively dismantling any concept of the public university. Alongside roles in UCU at Nottingham and on the union’s national executive committee, Agnes was UCU East Midlands regional secretary and vice-chair of Nottinghamshire Trades Council. It was also in Nottingham that she met her partner, Manuel Peña, when they moved into the same shared house in 2009. They became a couple in 2012, sharing keen interests in music, films, travel and Liverpool FC. Most recently Agnes played a key role supporting the school of law’s research and knowledge exchange activity. Agnes is survived by Manuel and her parents.

After weeks of fear and bewilderment about the drones buzzing over parts of New York and New Jersey , U.S. Senator Chuck Schumer is urging the federal government to deploy better drone-tracking technology to identify and ultimately stop the airborne pests. The New York Democrat is calling on the Department of Homeland Security to immediately deploy special technology that identifies and tracks drones back to their landing spots, according to briefings from his office. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest news, sports, weather and more delivered right to your inbox.

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( MENAFN - EIN Presswire) Professional Audio Visual (AV) Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 16, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! Will the Professional Audio Visual AV Market Continue Its Rapid Growth? The professional audio visual AV market size has expanded dramatically in recent years, with a projection to escalate from $334.45 billion in 2023 to $376.39 billion in 2024, reflecting a compound annual growth rate CAGR of 12.5%. Factors such as corporate sector expansion, a spike in digital signage, rising demand for home theaters, e-commerce growth, and healthcare sector expansion have contributed to the historic period's growth. Here is an exclusive sample of the full report: What Factors Are Propelling Growth In The Professional Audio Visual AV Market? The professional audio visual AV market size looks set for continued rapid growth. It is expected to grow to $607.22 billion by 2028 at a compound annual growth rate CAGR of 12.7%. The expected growth during the forecast period is due to the development of AI-driven AV solutions, increased investment in smart cities and IoT infrastructure, rising adoption of virtual and augmented reality, expansion of the live events and concert industry, and increased demand for high-quality streaming services. Major trends during the forecast period include 5G integration, AI-powered analytics, cloud-based AV solutions, and technological advancements such as interactive touchscreen displays. A central driver of growth for the professional audio visual AV market is the expanding entertainment industry. Businesses within this industry that produce and distribute media, including film, television, music, gaming, and live performances, for public enjoyment have seen significant growth due to rising digital consumption, technological advancements, increasing demand for diverse content, expanding global access to streaming services, and the proliferation of mobile devices. Greater investments in original productions and the influence of social media in driving content discovery and engagement have further spurred on industry growth. Professional audio-visual AV technology plays a pivotal role in the entertainment industry, enhancing audience experiences through high-quality sound, visuals, and immersive environments. For your comprehensive analysis, the full report can be accessed here: Which Companies Are Dominating the Professional Audio Visual AV Market Space? Major companies leading the professional audio visual AV market include Samsung Electronics Co. Ltd., Mitsubishi Electric Corporation, Wesco International Inc., InFocus Corporation, Seiko Epson Corporation, Anixter Inc., Arista Networks Inc., New Era Technology Inc, AVI-SPL LLC, Semtech Corporation, Sharp NEC Display Solutions, AVI Systems Inc., Avidex Industries LLC, Datapath Ltd., proAV Limited, Solutionz Inc., Biamp Systems LLC, Vistacom Inc., Applied Electronics Limited, Audinate Group Limited, PRO AV Systems, CCS Presentation Systems Inc., Spinitar, Prysm Systems, Ford Audio-Video LLC, and Synergy Audio Visual. Emerging Trends: Major companies operating in the professional audio visual AV market are focusing on developing innovative solutions, such as a program management suite, to provide enterprise customers with real-time insights, consistency, efficiency, and transparency in managing their global audiovisual collaboration projects. A significant development in this field was made in April 2023 when the US-based audiovisual company, AVI Systems, Inc., launched AVI Vision, a real-time program management dashboard. This gives clients comprehensive visibility into their global audiovisual and unified collaboration projects, enabling efficient collaboration and informed decision-making. How Is The Professional Audio Visual AV Market Structured? Segments: The professional audio visual AV market covered in this report is categorically segmented into: 1 By Types: Services, Products, Software, Infrastructure, Environment 2 By Distribution Channels: Distributor, Direct Sales 3 By Applications: Television TV Shows, Movies 4 By End Users: Government, Hospitality, Education, Home Use, Commercial, Private, Public, Corporate, Retail, Other End Users What Does The Regional Landscape of the Professional Audio Visual AV Market Look Like? Regional Insights: In 2023, Asia-Pacific was the largest region in the professional AV market. The report covers several regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Browse Through More Similar Reports By The Business Research Company: Wireless Audio Device Global Market Report 2024 Audio Communication Monitoring Global Market Report 2024 Digital Audio Workstation Global Market Report 2024 About The Business Research Company Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game. Contact us at: The Business Research Company: . 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