Pakistan’s exports of merchandise shrank for the seventh month in a row dipping by 14.76 per cent year-on-year to $2.36 billion in March, reflecting fear of massive layoffs in the export sector of the country. In the first nine months (July to March) of 2022-23, exports were down 9.87pc at $21.04bn compared to $23.35bn in the corresponding period last year, according to data released by the Pak
The country has produced 34 per cent less cotton this year as compared with the crop yield last season, reveals data with Pakistan Cotton Ginners Association (PCGA). The final figures for the crop year 2022-23 show that Pakistan produced 4,912,069 bales, the lowest in around four decades, of cotton against 7,441,833 in the 2021-22 season, a year-on-year decline of 2,528,764 bales or 34pc loss.
As the poor in Pakistan continue to bet their lives for a free sack of atta at distribution centres and others watch nervously as institutions crackle under the weight of political polarisation, the Election Commission of Pakistan (ECP) can’t possibly defer its preparations for the ultimate duty — conducting general elections at a five years interval, due later this year. Besides legal and poli
For many people, purchasing a locally produced petrol and diesel-powered vehicle will remain a gigantic task in future due to their skyrocketing prices and unattractive car leasing options. In this scenario, what does the future of locally assembled hybrid electric vehicles hold as one assembler has already launched a hybrid SUV while another is gearing up to roll out soon? Does it make sense t
To pull the economy out of stagflation, the simple solution may appear to be an increase in domestic production and the removal of supply constraints to meet the domestic demand for goods and services. That could possibly lead to a stabilisation of prices. In February, annualised food inflation shot up to 41.9 per cent in urban areas and 47pc in rural areas — a persistent trend along with growi