Pakistan’s automobile industry remains structurally uncompetitive due to high entry barriers, inconsistent policies, and market distortions, the Competition Commission of Pakistan (CCP) warned in its automobile sector study. These challenges are limiting investment, innovation, and consumer welfare, the report notes. The study highlighted that market contestability - the ease with which new fir
A broader or more drawn-out conflict in the Middle East would risk increasing the strain on emerging Asian economies that have, in past years, struggled with external debt repayment, according to Moody’s Analytics. It said in a commentary on the implications of conflict in the Middle East over APAC economies that the surge in energy and food prices after Russia’s invasion of Ukraine played a ke
The Oil and Gas Regulatory Authority (OGRA) on Monday notified a slight decrease in the LPG price for the month of March. The authority states that the LPG producer price is linked with the Saudi Aramco-CP and the US dollar exchange rate. Compared to the previous month, Saudi Aramco-CP has remained unchanged. The average Dollar exchange rate has, however, decreased by 0.11 percent, resulting in
Travel shares tumbled on Monday, shedding $22.6 billion as escalating conflict between the U.S., Israel and Iran disrupted flights worldwide, closed key Middle Eastern hubs and sent oil prices surging, with analysts warning of weeks of disruption. The U.N.’s International Civil Aviation Organization told countries they “have the responsibility to ensure the safety and security of air transport
he yen and euro were broadly lower on Tuesday as the widening Middle East conflict focused attention on countries dependent on energy imports and how central banks may respond to inflation pressures. The dollar benefited from safe-haven demand as the US and Israeli air war against Iran spilled out into neighboring countries. The euro steadied after sliding more than 1% as doubts swirled a