Business
Business
Pakistan’s LSM Sector Contracts for Eighth Consecutive Month, Affecting Economic Growth
The large-scale manufacturing (LSM) sector, which accounts for nearly one-fifth of the nation's economic growth, has experienced contraction for the…
Sales of Illegal Cigarettes Spike in Pakistan Due to Increased Excise Duty
Pakistan has experienced a surge in illegal cigarette sales due to a significant rise in federal excise duty (FED). According…
Petroleum Prices in Pakistan Set to Rise by Rs10-14 per Liter
Due to higher global oil prices, Pakistan's government intends to increase petroleum product prices by Rs10 to 14 per liter…
SBP Extends IFRS 9 Adoption Deadline for Banks
The State Bank of Pakistan (SBP) has granted an extension for adopting the International Financial Reporting Standard 9 (IFRS 9)…
Russia Begins Fuel Exports to Iran by Rail Amid Western Sanctions
Russia has initiated fuel exports to Iran by rail for the first time this year, as traditional buyers avoided trade…
Pakistan Likely to Miss Fiscal and Debt Reduction Targets, IMF Reports
A recent International Monetary Fund (IMF) report indicates that Pakistan is expected to fall short of its fiscal and debt…
Pakistan’s Auto Sector Witnesses 98% Growth in March Despite High Prices
Despite soaring car prices, Pakistan's automotive industry experienced a 98% growth in March, with 7,201 units sold compared to 3,642…
IMF Predicts Slower Growth and High Inflation for Pakistan’s Economy
The International Monetary Fund (IMF) has adjusted Pakistan's economic growth forecast to 0.5% while significantly raising inflation predictions to over…
PSX Closure on Jumatul Wida, April 14, 2023
The Pakistan Stock Exchange Limited (PSX) will remain closed on April 14, 2023, in observance of Jumatul Wida, the last…