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FPCCI Warns Against Remittance Reliance, Calls for Export-Led Growth – SUCH TV

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FPCCI Warns Against Remittance Reliance, Calls for Export-Led Growth – SUCH TV



Mr. S. M. Tanveer, leader of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed serious concern over Pakistan’s growing dependence on remittances and debt-driven consumption instead of exports as the foundation for economic growth and development.

In a statement, Mr. Tanveer highlighted the structural challenges facing Pakistan’s export sector, noting an estimated $60 billion gap in unrealized export potential.

He pointed out that Pakistan’s export-to-GDP ratio has declined sharply—from 16 percent in the 1990s to 10.4 percent in 2024.

Comparing Pakistan’s performance with regional competitors, he said Vietnam’s exports account for 95 percent of its GDP, while Bangladesh stands at around 20 percent and Thailand at nearly 60 percent, underscoring Pakistan’s relative underperformance.

Mr. Tanveer attributed the weak export performance to high production costs, limited market access, low productivity, and inadequate infrastructure.

He stressed that without urgent reforms, Pakistan risks missing opportunities for sustainable economic growth.

“Pakistan’s exports are facing significant challenges, and it is imperative that we address these issues to unlock the country’s true potential,” he said.

He called for a market-determined exchange rate, stronger trade finance mechanisms, improved logistics and regulatory compliance, and enhanced trade agreements to boost exports.

Emphasizing the need for an export-led growth strategy, Mr. Tanveer urged stakeholders to reduce reliance on imports by creating a business-friendly environment, investing in infrastructure, and promoting innovation and value addition in export-oriented sectors.

The FPCCI leader called on the government to take concrete and immediate measures to revive exports, warning that sustainable economic growth and development cannot be achieved without strengthening Pakistan’s export base.



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Could a digital twin make you into a ‘superworker’?

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Could a digital twin make you into a ‘superworker’?



Firms say digital twins make staff more productive, but are they a potential legal minefield?



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Netflix co-founder Reed Hastings to step down as chairman

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Netflix co-founder Reed Hastings to step down as chairman



Hastings set up the company in 1997, when it rented DVDs to customers and delivered by post.



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Trump nominates Erica Schwartz as CDC director amid turmoil around leadership, vaccine policy

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Trump nominates Erica Schwartz as CDC director amid turmoil around leadership, vaccine policy


Rear Admiral Erica G. Schwartz.

U.S. Department of Health and Human Services

President Donald Trump on Thursday nominated Erica Schwartz to serve as director of the Centers for Disease Control and Prevention, concluding a monthslong effort to choose a permanent leader of the embattled health agency. 

Schwartz, who will have to be confirmed by the Senate, would take over the role as Health and Human Services Secretary Robert F. Kennedy Jr. oversees a string of controversial health policy changes at the agency, including an overhaul of childhood vaccine recommendations.

Schwartz served as deputy surgeon general during the first Trump administration, where she played a major role in the U.S. response to the Covid-19 pandemic. She spent more than 20 year in uniform, including as rear admiral and chief medical officer of the Coast Guard.

Dr. Jay Bhattacharya had been acting director of the CDC — a title that expired last month under federal law. That law, called the Vacancies Act, limits the amount of time an acting officer can serve in place of a Senate-confirmed official to 210 days. 

Late last month marked 210 days since the most recent CDC director, Dr. Susan Monarez, was fired

A sign sits outside of the Centers for Disease Control and Prevention (CDC) Roybal campus in Atlanta, Georgia, U.S. March 18, 2026.

Megan Varner | Reuters

She has so far been the only person to serve as a confirmed CDC director during Trump’s second term, holding the role for under a month last summer. In congressional testimony in September, Monarez said she was fired after refusing Kennedy’s demands to approve vaccine recommendations she believed lacked scientific support.

It is unclear how Schwartz’s views on vaccines or other key public health policies compare with Kennedy’s.

Also on Thursday, Trump said he chose Sean Slovenski as deputy CDC director and chief operating officer, and Jennifer Shuford as deputy CDC director and chief medical officer. Shuford, as head of the Texas Department of State Health Services, led the state’s response to a massive measles outbreak last year, and credited vaccination and testing in declaring it over.

Schwartz’s nomination comes after a tumultuous several months for the agency, which is reeling from the leadership upheaval, plummeting morale, significant staff turnover and controversial changes to U.S. vaccine policy. Ahead of leadership departures last year, staff members were shaken by a gunman’s attack on the CDC’s Atlanta headquarters on Aug. 8. 

Last month, a judge blocked a critical vaccine panel’s efforts to overhaul U.S. immunization policy. That includes an effort to reduce the number of recommended childhood shots from 17 to 11.

Trust in federal health agencies has plummeted during Kennedy’s tenure as Health and Human Services secretary, according to a February poll from health policy research group KFF, with declines across the political spectrum.

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