Pakistan's Finance Minister Muhammad Aurangzeb has reaffirmed the government's commitment to steering the economy toward stability and sustainable growth. Speaking at a recent media briefing, Aurangzeb addressed the country's ongoing economic challenges and the efforts being made to overcome them. He highlighted that despite the difficulties, significant progress has been made, particularly
THE headline CPI inflation declined to a 34-month low in August to 9.6pc, providing more space to the State Bank for the third consecutive policy rate cut later this month. That the CPI inflation has finally eased below 10pc into single-digit territory on decreasing prices of non-perishable goods and a high base effect from last year does not mean prices have started to drop or stopped from ris
Merchandise exports increased nearly 16 per cent to $2.74 billion in August from $2.36bn in the corresponding month last year, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The growth momentum picked pace in August owing to improved orders from the international community and stability in the exchange rate. In July, the exports grew 11.83pc. On a month-o
Millat Tractors Ltd (MTL) will resume production activities on Thursday. In a stock filing on Tuesday, the company said sales would continue to be restricted until the Federal Board of Revenue (FBR) clarifies the sales tax refund procedure and applicability. MTL suspended tractor production on Aug 22 till further notice due to the government’s failure to issue a mechanism for payment of refu
Overall oil sales decreased by 14 per cent year-on-year to 1.21 million tonnes in August due to the monsoon season, while these increased by 2pc due to a full working month, unlike July. Oil sales fell 12pc to 2.4m tonnes in July-August FY25 compared to 2.8m tonnes in 2MFY24. Myesha Sohail of Topline Securities said that petrol sales fell 7pc YoY but showed a rise of 6pc MoM to 625,000 tonnes i