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Secretary backs export tax relief, cheaper energy | The Express Tribune

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Secretary backs export tax relief, cheaper energy | The Express Tribune


FPCCI consultative session in Karachi draws textile, agro, tourism and logistics bodies


KARACHI:

Federal Secretary for Commerce Jawad Paul on Saturday agreed that exporters need regionally competitive energy costs and more facilitative taxation measures, as government officials and trade bodies reviewed export performance in Karachi.

The statement said the meeting aimed to formulate strategies to boost Pakistan’s exports and strengthen the national economy, with participants sharing sector-wise views on constraints and potential areas for export diversification in the session.

According to a statement, the consultative session was hosted by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at Federation House and chaired by Paul. The meeting was attended by Secretary Industries and Production Saif Anjum, senior TDAP officials and stakeholder trade bodies.

In his welcome address, FPCCI President Atif Ikram Sheikh said export enhancement lay at the heart of Pakistan’s economic stability and growth. He appreciated the Ministry of Commerce’s engagement with the private sector to address on-the-ground realities.

Sheikh said sustainable export growth required close coordination between policymakers and the business community. He said exporters were resilient and innovative, but faced high costs of doing business, energy constraints, access to finance issues, market diversification hurdles and compliance with international standards.

He said there were opportunities in value-added manufacturing, services exports, IT and agro-based industries. He said the session could help build strategies to strengthen foreign exchange reserves, create employment and place Pakistan on a sustainable growth trajectory.

Senior Vice President FPCCI Saquib Fayyaz Magoon said the session had broad private sector representation. He listed textiles bodies APTMA, APTPMA, PRGMEA and TMA; the Pakistan Fruits and Vegetables Association (PFVA); tourism bodies PATO and TAAP; and logistics representatives of PIFFA.

The session concluded with remarks by Paul after sector-wise discussions and recommendations.



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The NBA doesn’t just want to build a European basketball league — it wants to revolutionize the international pro game

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Major UK supermarket to stop selling mackerel in coming weeks

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Major UK supermarket to stop selling mackerel in coming weeks


Waitrose is set to remove mackerel from its shelves amid escalating concerns over unsustainable fishing practices.

The retailer said that it is the first major UK supermarket to suspend sourcing of the popular fish.

It said that fresh, chilled, and frozen mackerel, primarily sourced from Scottish waters, will be unavailable to shoppers by 29 April. Tinned varieties will follow once the current stock is depleted.

Conservationists are welcoming the move and urging other supermarkets to follow suit.

The measure comes as governments have repeatedly failed to implement catch limits recommended by scientists, jeopardising the long-term viability of mackerel stocks.

The International Council for Exploration of the Sea (ICES) has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels.

With the stock consistently fished above sustainable thresholds, this translates to a 77 per cent cut on the 755,143 tonnes scientists estimated would be caught in 2025.

Mackerel’s sustainability rating has worsened in the face of overfishing (Alamy/PA)

Overfishing has resulted in depleting mackerel stocks in the north-east Atlantic, with Ices saying the species, and the wider fishing industry, could face long-term risks unless countries stick to recommended catch limits.

Waitrose said the decision in December by four of the coastal states which fish mackerel to cut catches by 48 per cent was a step forward, but did not meet Ices advice.

North-east Atlantic mackerel will no longer meet the supermarket’s responsible sourcing requirements in line with the Sustainable Seafood Coalition codes of conduct, the retailer said.

Jake Pickering, head of agriculture, aquaculture and fisheries at Waitrose, said: “By suspending sourcing of mackerel at Waitrose we are reinforcing our ethical and sustainable business commitments, acting to tackle overfishing and protect the long-term health of our oceans and this crucial fish.

“Our customers trust us to source responsibly, and we are closely monitoring the fishery.

“We look forward to bringing mackerel back to our shelves once it meets our high sourcing standards.”

As alternatives, Waitrose is launching a new range of fish products including hot smoked herring, hot smoked peppered herring and hot smoked sweetcure seabass, all of which are Marine Stewardship Council (MSC) certified.

The retailer said it would also introduce MSC-certified frozen sardines from May as a sustainable replacement for frozen mackerel, and plans to become the first retailer to sell 100 per cent MSC tinned sardines.

Waitrose said it would maintain its relationship with its mackerel suppliers and its new supply of herring, seabass, sardines and trout will be sourced through current supplier partnerships.

But there is currently no predetermined time-frame as to when Waitrose will start sourcing mackerel again.

The International Council for Exploration of the Sea has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels

The International Council for Exploration of the Sea has issued stark warnings, advising a 70 per cent reduction in catches for 2026 across all regional mackerel stocks compared to 2025’s recommended levels (Alamy/PA)

Marija Rompani, director of ethics and sustainability at the John Lewis Partnership, said: “We believe sustainable food production must balance climate action, nature protection and responsible fish sourcing is fundamental to protecting our oceans.

“We will continue to work closely with suppliers and industry partners to support the recovery and responsible management of fish stocks.”

Charles Clover, co-founder of conservation charity Blue Marine Foundation, said mackerel – one of the largest remaining commercial fish stocks in the north-east Atlantic – had declined 75 per cent in the last 10 years because fishing nations, including the UK, had overfished it.

“They have put too little effort into the task of reaching agreement on a sharing arrangement – and some countries have been awarding themselves more quota than is justified by science,” he said.

“This crisis has been ignored for too long.

“We hope that this action by Waitrose sends it to the top of the political agenda. We call on other retailers to follow Waitrose’s example.”



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If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why

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If Your Salary Never Lasts Till Month-End, These 5 Mistakes Might Be Why




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