New Delhi, March 5 (IANS) Pakistan must generate roughly 30 million jobs over the next decade to absorb new labour‑market entrants, but recent growth is incapable of it, causing brain drain and weakened productivity, a report has said.The report from Maldives Insight said the economy grew at an average 1.7 per cent annually between 2022 and 2025, far below what is needed to sustain employment, and the official unemployment rate reached 7.1 per cent in FY25, the highest in 21 years.The pace of …
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Washington, Feb 10 (IANS) A Republican lawmaker introduced legislation to end the H-1B visa program, arguing that it disadvantages American workers and prioritizes foreign labor over US citizens.US Representative Greg Steube announced the introduction of the Ending Exploitative Imported Labor Exemptions Act, known as the EXILE Act.The bill would amend the Immigration and Nationality Act by discontinuing the H-1B visa program, which allows US companies to hire foreign workers in specialty occupat…
New Delhi, Jan 31 (IANS) As the Pakistan’s government goes gaga over record remittances — $38.5 billion in FY25 – the narrative actually obscures the devastating reality that the country is haemorrhaging its future, a new report has revealed.The reality is that mass departure of doctors, engineers and skilled professionals “should not be called a point of pride, but a shameful and profound policy failure”, reports The Express Tribune.A nation cannot build its future on money wired from…
New Delhi, Jan 29 (IANS) Terming the EU–India Free Trade Agreement (FTA) “historic”, Sweden’s Ambassador to India Jan Thesleff said the pact reflects strong mutual confidence between India and the European Union and will unlock significant new opportunities for Swedish companies, particularly small and medium-sized enterprises (SMEs), in India and vice versa.In an exclusive interview to IANS, Thesleff said: “This is an agreement that truly shows the confidence India places in the European Un…
Mumbai, Jan 27 (IANS) Chief Minister Devendra Fadnavis on Tuesday said that Maharashtra stands to benefit significantly from the historic India-EU Free Trade Agreement.Key sectors such as textiles and apparel, engineering goods, pharmaceuticals, chemicals, medical devices, automobiles and auto components, base metals, electronics, gems and jewellery are expected to witness accelerated growth, enhanced competitiveness, and expanded access to global markets. Moreover, farmers will also benefit lar…
Washington, Dec 23 (IANS) The Trump Administration on Tuesday announced sweeping changes to the H-1B work visa selection process, replacing the long-standing random lottery with a weighted system that prioritises higher-skilled and higher-paid foreign workers.The move, Department of Homeland Security said, is aimed at better protecting the wages, working conditions, and job opportunities of American workers, while strengthening the integrity of the H-1B nonimmigrant visa program.“The existing …
New Delhi, Dec 22 (IANS): The Federation of Indian Export Organisations (FIEO) on Monday welcomed the signing of the India–New Zealand free trade agreement as “a game-changer for Indian exporters”, which will significantly enhance the country’s integration with global value chains.FIEO President S.C. Ralhan said that the conclusion of the India–New Zealand FTA in such a short span reflects the strong political will and shared economic vision of both countries.The zero-duty access for Indian …