BREAKING NEWS:

Industry

  • LSM forecast underestimated?

      The large scale manufacturing (LSM) index has posted a growth of 5.58 percent in the ten months ending April 2017. That’s significantly up from year-on-year growth of 3.95 percent in the same period last

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  • Sugar update

    Sugar exports for the month of May exceeded 112,000 MT; bringing the total exported volume from January-May to just over 300,000 MT (the latest estimates reported by this newspaper are 348,000 MT up till mid-June).

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  • APTMA: Black Day

    Yesterday the textile industry observed Black Day. The lobby of spinners, APTMA closed down its textile mills all across the country to protest the unfavourable policies of this anti-business, anti-export government. The association said that

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  • Cement: Anything new?

    There is finally something new in the cement numbers—a new low. As we inch closer to the end of this fiscal year, nearly a quarter of Pakistan’s cement exports (5.5 million tons) this period last

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  • Qatar LNG exports: safe for now

    The diplomatic crisis in the Middle East might have far-reaching repercussions for the region and the global energy markets. But the Saudi led blockade of Qatar, the world’s largest exporter of liquefied natural gas, will

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  • MSCI upgrade disappoints

    Pakistan equity market after a hiatus of almost nine years finally became part of the MSCI Emerging Market index. However, going by the word on the street and the price action on the bourse it

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  • Amid reports of rising illicit cigarette sales, the federal government seems to have put forward a new strategy. Instead of simply raising the punitive federal excise duty on cigarette sales, the recent federal budget announced

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  • Energy – where?

    The only thing that has attained higher priority over metros and motorways in the government’s current tenure, is power. Power generation to be precise, and the chest thumping that follow. A look at some numbers,

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  • Is full-year LSM forecast underestimated?

    This year’s LSM story is a little peculiar. Usually in economies like Pakistan where government institutions aren’t always independent and strong, controversies abound over the over-reporting of GDP figures. But this year around - in

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  • On taxing tobacco

    It’s the budget season. And tobacco industry, which is a major tax revenue source, is under focus again. As per current tax regime, cigarette packs having a retail price below Rs88 carry FED of Rs33

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