The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has identified the logistics sector as a major structural constraint to trade and investment, with inefficiencies costing the economy significantly more than in advanced economies. FPCCI President Atif Ikram Sheikh said Pakistan’s logistics sector accounts for 15.6pc of GDP, compared to 8-9pc in developed economies such as the
Pakistan’s total public debt rose by 13 per cent to Rs80.6 trillion by the end of FY25, driven mainly by a fiscal deficit of Rs7.1tr and slower-than-expected GDP growth, according to the Ministry of Finance (MoF). In its Annual Debt Review 2025, the MoF said the debt-to-GDP ratio increased to 70pc, up from 68pc a year earlier. This was attributed to a lower nominal GDP growth rate, resulting fr
Inflation, measured by the Consumer Price Index (CPI), rose to 5.6 per cent in September, up from 3pc in August, marking a sharp increase driven by rising prices of perishable goods, according to official data released by the Pakistan Bureau of Statistics (PBS) on Wednesday. The reversal in the inflation trend over the past two months is largely attributed to a sharp rise in the prices of essen
The Ministry of Industries and Production has enforced quality and safety standards for both imported and locally manufactured vehicles for the first time, amid concerns from auto industry stakeholders. The Engineering Development Board (EDB), through official notifications, has made it mandatory for all new and used imported vehicles to conform to dozens of WP-29 standards. These cover road sa
Gillette Pakistan said on Thursday it would evaluate a potential delisting following a decision by its parent Procter & Gamble to discontinue its business in Pakistan as part of the consumer product group’s global restructuring programme. Gillette Pakistan plans to convene a board meeting shortly to evaluate the actions required for this business discontinuation, including the potential de-list