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LAHORE:  The sale of eggs increased by almost 40% to a whopping 14.4 million per day as the temperatures dipped further in the provincial capital. With the booming egg market, expired and adulterated eggs have also made their way onto the shelves. Nearly 35,000 to 40,000 egg crates are sold daily...
ISLAMABAD: The growth in large-scale industries further contracted by 6.5% in first four months of the current fiscal year due to low demand, which was adversely affected by rising cost of production and working capital. The Pakistan Bureau of Statistics (PBS) reported on Wednesday that the large-scale manufacturing (LSM) output decreased...
KARACHI: A number of textile manufacturers are moving their operations abroad or at least considering overseas expansion as cost of doing business, stuck up refunds, and high interest rates make products of world’s key producer more expensive, industry officials said on Monday. Officials said, Reshma Tex Limited, a leading textile...
ISLAMABAD: While the government claims doing a lot to stimulate the country’s exports in a big way, but bitter ground realities speak otherwise as the non-implementation of energy package coupled with dysfunctional refund system causing liquidity crisis and massive dip in cotton production is going to inflict huge dent...
FAISALABAD:  In a bid to make Pakistan the world leader in the textile sector, Faisalabad Chamber of Commerce and Industry (FCCI) Senior Vice President Zafar Iqbal Sarwar has proposed the announcement of a new textile policy for 2019-24 by mainly focusing on value-added goods export. Unfolding objectives of the textile...
KARACHI: Dandot Cement Company has succumbed to the prevailing slowdown in the cement sector and has shut down its plant owing to financial constraints and enhanced legal environmental conditions. “The company has been facing serious challenges with respect to viable operations, adequate liquidity and has incurred huge financial losses for the...
KARACHI: The State Bank of Pakistan (SBP) has called for launching an industrial policy to kick-start the economy and reverse the strong downward trend reported since the last fiscal year. The recently published annual report of the central bank paints a dismal picture of the economy as real gross domestic product...
KARACHI: The State Bank of Pakistan (SBP) in its annual report on Monday said the rising share of services sector, at the expense of industry and agriculture, needs to be addressed while forecasting the GDP growth for FY20 between three and four per cent. According to the report, the country...
ISLAMABAD: After decades of galloping ahead, globalisation has now reached a fork in the road. One side is led by US President Donald Trump who is categorically against globalisation. He is trying to decelerate its pace through a threefold approach – imposing tariffs on bilateral fronts, withdrawing from big regional...
ISLAMABAD: The growth in big industries contracted over 6% in the first two months of the current fiscal year, highlighting a deeper economic slowdown which would further increase unemployment and poverty in the country. manufacturing Large-scale manufacturing (LSM) output decreased 6.04% in July-August of the current fiscal year compared to the same...

Opinion

month revenue payment targets

Missed Targets

The tax collection numbers from the last six months are in, and they make for a dismal reading. The government has missed all of...