The Middle East crisis has disrupted maritime trade routes and exposed a structural reality of the global economy. Currently, trade flows through several vulnerable corridors shaped by geography and geopolitics. Uncertainty is at its peak with the realisation that key shipping routes – the Strait of Hormuz, Bab-el-Mandeb, and the Suez Canal – have become […]
No Prominent Incentives for Exports
The budget amounted to Rs. 14.5 trillion for the fiscal year 2023-24 has been announced. It was anticipated that in this budget the government would implement measures to boost investor’s confidence and foster a favorable business environment within the country. Unfortunately, the absence of substantial incentives for the industry, and no focus on productivity and […]