The EU’s Carbon Border Adjustment Mechanism (CBAM) is now a pressing challenge for exporters worldwide. By pricing the carbon content of imports, CBAM ensures companies outside the EU face the same climate costs as European manufacturers under the EU Emissions Trading System (ETS). It is a key part of the EU’s goal to be carbon […]

Have We Ditched Manufacturing? By Shahid Sattar Amidst a deepening economic crisis, the government seems intent on pushing the economy’s most vital sector—the textile industry—off a cliff. Instead of confronting real issues, officials are choosing policies that strangle an industry capable of driving economic growth and stability and supporting millions of livelihoods through productive jobs. […]

Bring Back Zero-Rating By Shahid Sattar and Absar Ali Should the government ensure implementation of sales tax at the point-of-sale, ~Rs. 293 billion in tax revenue could be collected from ~Rs. 1,620 trillion domestically retailed apparel in 2024. Yet, it insists on maintaining a dysfunctional sales tax regime that creates supply-side distortions, erects barriers to […]