The broader economic situation is further strained by lingering financial pressures, including unpaid taxes and operational losses that predate the recent policy changes. SBG Industry Plc. has already struggled with 40 million Br in unpaid taxes from its previous ownership and reported losses of 41 million Br. The compounded financial uncertainties unveiled the precarious position in which many companies now find themselves at the heart of the issue is a radical urban reform effort by Sheger City, which was formed from the consolidation of several towns in late 2022. Its officials argue that the new regulations, including steep lease rates and additional water usage fees, are essential to generate the revenue needed for critical infrastructural improvements in a rapidly growing urban area. The administration insists that strict adherence to these policies is vital to prevent tax evasion and fund the much-needed overhaul of urban services. Yet, the human cost of these measures is becoming increasingly apparent. With operations now running at less than 40pc capacity, workers like production line employees are left anxious about their job security and the future of their livelihoods. The mounting pressure on businesses and the resulting disruption to thousands of employees’ lives encapsulate the growing tensions between regulatory ambitions and the harsh realities of industrial operations.

PUBLISHED ON [ VOL , NO ]