Tag: economic decline
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Pakistan sees 18th straight month of decline in auto financing
In December 2023, automobile financing in Pakistan recorded a significant decline, reaching Rs251.25 billion, marking a 25.55 per cent year-on-year drop and a 2.26 per cent month-on-month decrease.
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Remittances to Pakistan decline by 19.3% to $2 billion in first month of fiscal year
Delve into Pakistan’s economic landscape as we examine the notable 19.3% drop in remittances during the opening month of the fiscal year. Uncover the implications for the nation’s economy, the influence of overseas Pakistanis, and the dynamics of the grey market. Gain valuable insights into the evolving financial trends and expert economic analysis that shape…
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Pakistan’s major industrial production drops by 14.37% in May, marking ninth consecutive decline
Pakistan’s Large-Scale Manufacturing (LSM) sector suffered a substantial year-on-year decline of 14.37 per cent in May, according to data released by the Pakistan Bureau of Statistics.