Despite claims of achieving macroeconomic stability, the Large-Scale Manufacturing (LSM), which accounts for 67.5 per cent of the overall manufacturing sector, contracted by 1.5pc during July-March FY25. The Economic Survey, unveiled by Finance Minister Muhammad Aurangzeb on Monday, attributed this decline to persistent structural bottlenecks, elevated input costs, and contractions leading to n
The demand pickup in developed markets created export opportunities for Pakistan. However, continued heavy reliance on imports, particularly from China, resulted in persistent trade imbalances, according to the Economic Survey 2024-25, issued on Monday. “With global trade of goods and services growth projected to slow to 1.7 per cent in 2025, the government is taking all measures to strengthen
IT & ITeS export receipts rose by $541 million to $2.82 billion, showing a trade surplus of $2.42bn, during July-March, according to Economic Survey 2024-25 released on Monday. The ICT exports included a contribution of $400 million by the freelancers, and the survey highlighted that the tech-savvy and professional youth are set to become a regional hub for digital services, tech entrepreneursh
The country’s agriculture sector showed a combination of resilience and challenges across all its sub-sectors during 2024-25, and despite climatic challenges, recorded a mere growth of 0.56 per cent, primarily driven by a 4.72pc sustained growth in livestock, according to the Pakistan Economic Survey 2024-25 released on Monday. All important crops declined by 13.49pc due to reduced cultivation
The Competition Commission of Pakistan (CCP) has imposed a fine of Rs375 million on six leading urea manufacturers and their trade association — Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) — for collusive price fixing. The fines have been imposed in violation of Section 4 of the Competition Act 2010. Following a suo motu inquiry initiated in 2021, the CCP found that the c