Large-scale manufacturing (LSM) staged a partial recovery in November after a contraction in the preceding month, data released by the Pakistan Bureau of Statistics showed on Monday. The LSM posted a paltry growth of 1.59 per cent in November on a year-on-year basis. The main contributors to positive growth are food, beverages, textiles, leather products, petroleum products and chemicals. Th
As the World Economic Forum began its annual session in Davos on Monday, the Chief Economists Outlook report says global economic prospects remain subdued and fraught with uncertainty. The global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence, says the report released by World Economic Forum.
The VolunÂtary Delisting Committee (VDC) of the Pakistan Stock Exchange (PSX) has determined a minimum buyback price of Rs609 per share as against Rs406 offered by Pak Suzuki Motor Company Ltd (PSMCL) for delisting. PSX in its announcement said that the voluntary delisting application of the PSMCL was considered on Monday. The committee had determined the minimum buyback price after detailed di
In yet another blow to electricity consumers, the Central Power Purchasing Agency (CPPA) on Monday sought more than 100pc (Rs5.62 per unit) increase in fuel charges to mop up about Rs42 billion for ex-Wapda Distribution Companies (Discos) through February consumer bills and make up for subdued consumption of the most expensive electricity. This is apparently the highest-ever increase in fuel co
In over three years since its launch in September 2020, Roshan Digital Account (RDA) has emerged as a significant source of foreign inflows, reaching $7.195 billion by the end of December 2023. According to the State Bank of Pakistan’s data released on Monday, the inflows in December were $160 million marking a much better performance compared to other months. The inflow was 17 per cent higher