The outstanding auto financing continued its downward trend for the ninth month in a row, plunging almost 12.83 per cent to Rs317 billion in March from Rs363.55bn in the same month last year. It witnessed a 2.74pc drop as compared to Rs325.86bn in February, data released by the State Bank of Pakistan (SBP) showed on Monday. Phenomenal hikes in interest rates, soaring automobile prices, frequ
Buoyant by the good wheat harvest, the government has decided to focus on the white lint to revive the most important cash crop of the Kharif season and subsequently the textile industry for reducing its import bill. The Punjab government has decided to provide irrigation water to cotton fields as a priority for achieving the over 8.2 million bales production target this season. Agriculture
The Pakistan Stock Exchange (PSX) told investors on Monday that Hascol Petroleum Ltd, an oil marketing company, is in non-compliance for failing to hold its annual general meeting besides not submitting its annual audited financial statements for 2022. However, the company’s shares are already quoted in the defaulters’ segment on account of its non-compliance with a separate regulation i.e. it
A few weeks before the next fiscal year’s budget, the government on Monday approved about Rs34.4 billion worth of supplementary grants mostly to secure World Bank loans and set maximum retail price (MRPs) of four newly registered categories of cardiac stents. The decisions were taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Finance Minister Isha
Amidst the worsening crises, the national search for remedies has intensified. However, the views about the future economic and political outlook and the possible correction course diverge widely as imponderable uncertainties continue to navigate virtually a rudderless ship. Nonetheless, what may appear a confusing debate is rooted in ground realities. The solutions offered are of short-, mediu