Businessmen urge govt to develop new varieties to compete globally, boost exports

High inflation, weakened demand result in 4.5% contraction in services sector

Stakeholders say sale volumes plummeted to 45% following imposition of duty on beverages

Attributable to global recession, challenging domestic environment

Business leaders urge government to collaborate with community ahead of upcoming budget

Worrying stats pose significant threat to sector’s future expansion

Estimated to drop from 1.8 million metric tonnes to 1.44 million metric tonnes

Warns that by October, Pakistan will have less than $2b in foreign exchange

PALSP says nearly 500,000MT smuggled annually resulting in losses of Rs25 billion

Business leaders say up to 50% export orders shifted to regional competitors due to uncertainties