Standing at a signal in Karachi’s Defence area, one wonders whether the country is in a crisis or not. There is a Vigo on one side, a Hilux in front, two Civics behind and a Mercedes that can be seen through the rearview mirror. There is no shortage of vehicles with an eight-figure price tag in the city. Over the last two decades, car sales have increased almost five times, but tractor sales ha
Millions of jobs in formal or informal sectors of the economy across the country have been lost due to a massive decline in industrial production so far this fiscal year. The ongoing restrictions on the import of raw materials, the foreign exchange crisis and rising costs caused by surging power and gas bills have severely hampered production activities. In four industrial sectors of Karachi
As commentators say in cricket, ‘against the run of play’, Pakistan summited cricket ratings to become the top-ranked team in the world after four successive victories against touring New Zealand. This is no mean feat and Babar Azam and his men deserve all the applause. Cricket in Pakistan may not be as popular as it is in neighbouring India, where cricket stars like Sachin Tendulkar are though
In today’s world, the quintessential boosters of a country’s economy are the three Ts, namely, trade, travel and tourism. Intuitively, these three Ts are also the pillars for the sustenance of the aviation industry of a country. And interestingly, the relationship between the growth in aviation and the growth in the economy is bidirectional. If one grows, the other also gets a boost. Commercial
Here is good news! Corporate earnings in the first nine months of this fiscal year remained robust despite flat economic growth, according to a recent Dawn report based on data compiled by Arif Habib Ltd. Combined earnings of the representative firms of corporate Pakistan rose 8.8 per cent year-on-year to Rs877.6 billion during July 2022-March 2023. The annual increase in after-tax profit in Ja