Home 5 Articles and Reports 5 Pakistan’s economic crisis causes paper shortages

Pakistan’s economic crisis causes paper shortages

by | Jun 28, 2022 | Articles and Reports

Pakistan’s Publishers and Booksellers Association has warned that the current crisis of paper shortage will make it impossible to supply textbooks to millions of students this year.

“If the prices of paper are not stabilized, booksellers will not be able to provide textbooks to millions of students this year,” said Aziz Khalid, Chairman of the Publishers and Booksellers Association.

“The local paper manufacturers are consistently raising prices. At present, the price of local paper has increased by over 200 percent, while its quality is also inferior as compared to foreign-manufactured paper,” he added.

The publishers’ association also highlighted that the pricing formula is yet to be decided between the government and the private publishers, which has been ignored by the government for some time now and has resulted in a looming crisis.

“Since January 2022, an increase of Rs 100 per one kg of local paper has been observed. The current situation is pushing the printing and packaging industries towards a collapse,” said Khalid.

“Every week, a hike ranging from Rs 5 to Rs 8 per kg of local paper is being observed. But no tangible steps have been taken by the government in this regard,” he added.

The unavailability of textbooks will affect the middle class, which could be used by the educational institutions to exploit the parents and force them into paying hefty amounts to buy books.

“The publishers are also facing a shortage of imported paper, which has been taxed heavily by the government. On one hand, paper importers are suffering due to heavy taxation, while on the other hand local paper mills cannot produce enough paper to meet the demand,” said Khalid.

There are around 18,000 printing and packaging businesses in Pakistan. These companies are suffering from the government’s tax policy and rising inflation.

“We demand the government to reduce taxes and duties on the import of paper to avert the impending textbook crisis. By raising prices of locally manufactured low-quality paper and imposing taxes on good quality imported paper, the government is restraining Pakistan from entering the export market worth billions of dollars,” said Khalid.

Source: The Kashmir Monitor

Recent News

03Jul
A New Identity Marks a Global Vision

A New Identity Marks a Global Vision

In a testament to its long-standing commitment to culture and knowledge, e& continues its partnership with the International Prize for Arabic Children’s Literature. First launched in 2009 by the UAE Board on Books for Young People (UAEBBY) under the name “Etisalat Award for Arabic Children’s Literature,” the prize was born from the vision of Sheikha […]

02Jul
Cassell places its bet on Alcaraz

Cassell places its bet on Alcaraz

As the world’s elite tennis players gather in Wimbledon for this year’s championships, Cassell – part of the Hachette group – has announced the acquisition of Being Carlos Alcaraz by tennis journalist Mark Hodgkinson. Garbiñe Muguruza, a former women’s singles world number one from Spain, has written the foreword. Trevor Davies acquired world English language […]

01Jul
Ryan and Amelina Win 2025 Orwell Prize for Political Writing

Ryan and Amelina Win 2025 Orwell Prize for Political Writing

Irish author Donal Ryan has won the Orwell Prize for Political Fiction for his novel Heart, Be at Peace. Ryan, from Nenagh, Co Tipperary, described winning the award as “a great honour and very unexpected”. “I was kind of getting past my imposter syndrome but it’s come charging right back up now,” he said. ”I’m […]

Related Posts

Who Really Profits from Books?

Who Really Profits from Books?

The value chain in the publishing industry is among the most complex and multilayered in the cultural economy, due to the diversity of players involved and the variety of contributions made, ranging from creative input to production and distribution. While a book is...

When literature deceived us

When literature deceived us

In a world dominated by fictional success it is of no surprise that the literary field had its fair share of ‘fictional’ claims that were successful in fooling people, well, until they were exposed. The Hitler Diaries In 1983, the German magazine Stern shocked the...

Previous Next
Close
Test Caption
Test Description goes like this