Page 44 - CMA Journal (May-June 2025)

Focus Section

In addition, most industrial workforces have a logistics Reference
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Figure 4: Implementation Challenges for industries
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economy (CE) business models is not only an
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this transition is currently hindered by weak policy
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to technology, and a fragmented stakeholder ecosystem.
Figure’s Sources
To move toward a viable solution, Pakistan needs an
1. https://iceclog.com/profitable-shift-to-circular-economy-
integrated national strategy that includes enforceable for-manufacturers-and-retailers-monetize-waste-boost-sales-while-savi
policies such as Extended Producer Responsibility (EPR), ng-the-environment/
investment in circular infrastructure, support for 2. https://deltalogix.blog/en/2022/09/27/circular-economy-and-
innovation, capacity-building for SMEs, and the formal linear-economy-differences-and-advantages-for-companies/)
inclusion of informal waste sector stakeholders. About the Author: The author holds a PhD in Economics, with core
Government authorities must also align industrial research interests in development economics, gender studies, labor
development plans with CE principles by incorporating economics, and international economics. She has an extensive
academic profile, having authored 22 research articles in reputable
sustainability indicators into trade and investment
journals and presented her work at over 16 national and
policies. This kind of systemic change will pave the way for international conferences. Currently, she serves as Assistant
a sustainable, inclusive, and green industrial future—one Manager of Research and Publication at Saviours, where she
that aligns with global sustainability commitments while continues to contribute to scholarly research and knowledge
ensuring long-term economic competitiveness. dissemination in her areas of expertise.

42 ICMA’s Chartered Management Accountant, May-June 2025