The LSM however grew by 0.02 percent on a year-on-year basis (YoY) in October 2024 when compared to the same month of last year and 111.60 percent on a month-on-month (MoM) basis when compared to September 2024. The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for October 2024, with the base year 2015-16, […]
According to reports, the survey highlights significant economic progress over the past year, marked by consistent growth in the Pakistan Stock Market (PSX). The report also noted the establishment of several economic records during the fourth quarter and projected further improvements in the coming months. It revealed a fourfold increase in the number of citizens […]
According to the Monthly Economic Update and Outlook for November, the fiscal sector stability has been evident on the back of prudent fiscal consolidation as during July-September (FY2025), the net federal revenues grew 186 percent to Rs.4,019 billion from Rs.1,406 billion during the same period of last year. “The unprecedented increase in revenues was mainly […]
As compared to the exports of $123.965 million during fiscal year 2023-24, the fish exports during the period under review witnessed a decline of 6.33 percent, according to PBS data. In terms of quantity, the exports of fish and fish preparations decreased by 0.04 percent during the period when compared to exports of 54,562 metric […]
Gross domestic product slipped by 0.1% in monthly terms during September as the services sector flat-lined, while manufacturing and construction dropped, the Office for National Statistics said. For the third quarter as a whole, the economy grew by 0.1%, slowing from 0.5% growth during the second quarter. Economists polled by the Bank of England had […]
According to an official statement of the IMF, the fund noted that Pakistan’s economic growth rate has reached 2.4. However, the country still faces major challenges, including a difficult business environment, weak governance, and a limited tax base. According to the statement, Pakistan has implemented continuous policies under the Stand-By Arrangement over the past year, […]
According to the data, as many as 12,274 cars were sold during the months under review as opposed to 9,611 units in the same months of last year. The breakup figures showed that 1,863 units of Honda Civic and City were sold during July-August 2024-25 compared to the sale of 700 units during July-August 2023-24. […]
In preparation for this visit, Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal chaired a high-level meeting, under the directive of the prime minister, said a press release. Senior officials from federal ministries and heads of various sectors participated, highlighting the importance of this collaboration. Ahsan Iqbal directed the ministries to develop a […]
Pakistan’s economy is showing signs of revival after being low for two years. Also, the evidence is early and this are not like the roar of an awakened lion; more the cooing of a bird that senses some mitigation in predatory circumstances. Also, the government of Imran Khan expects the real estate boom; to rev […]
Pakistani Freelancers: “Pakistan’s IT Industry” released by the Pakistan Software Export Board (#PSEB) and the Ministry of Information Technology & Telecommunication (#MOIT& T) outlines that Pakistan is the third most popular country for freelancers in the world, according to Glocal Gig-Economy Index, 2019. During the last several years the number of freelancers has been increasing […]
