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1-10 results from 1000 for query «decline»

July 21, 2018 12:00 AM Tax abolition on cotton import urged

KARACHI: Opposing customs duty and other levies on import of raw cotton, the Karachi Cotton Association on Friday said the country needed at least four million bales due to the shortage of the commodity. KCA Secretary Aftab Alam expressed concerns over the decision of the government to impose three percent customs duty, two percent additional customs 5

July 20, 2018 12:00 AM Caretaker setup shows lack of control over currency regime

LAHORE: The interim government’s seemingly lost control over the currency regime is being ignored, as all political parties are busy slinging mud on each other that is further damaging the already weak economy of Pakistan. Rupee traded at Rs110 against dollar when the caretaker government was sworn in; however, in less than 50 days the value has dropped 2

July 20, 2018 12:00 AM Instability leads to $11.8m decrease in FDI

KARACHI: Amid the uncertainty prevailing in the country, there has been a decline in foreign direct investment (FDI), which has severely damaged the national economy. According to the figures released by the State Bank, the FDI witnessed a decrease of $11.8 million in the last financial year ending on June 30. The last few years saw a constant trend 9

July 12, 2018 12:59 AM Trade gap hits record $37.7bn

ISLAMABAD: Pakistan’s trade deficit widened to an all-time high of $37.7 billion in the outgoing fiscal year, contributing to the rising current account deficit of the country. The deficit soared almost 16 per cent during the 2017-18, posing a serious challenge for the government to control the menace of rising current account deficit, according to official 6

July 12, 2018 12:00 AM Auto sales surge 21pc to 258,632 units in FY2018

KARACHI: Auto sales surged 21 percent to 258,632 units during the last fiscal year of 2017/18 as low-cost financing boosted demand of cars, light commercial vehicles, vans and jeeps, brokerage reported on Wednesday. Brokerages, citing industry data, said auto sales stood at 213,118 units during the previous fiscal year of 2016/17. Daniyal Adil, an analyst 23

July 10, 2018 12:00 AM Engro Foods goes green in Sobhodero

KARACHI: Engro Foods Limited (EFL) has gone green by converting to solar energy for business operations at their Milk Collection Center (MCC) in Sobhodero, Sindh, a statement said on Monday. It has benefitted the center with continuous power supply for the industrial grade milk chillers and other heavy equipment with zero power generation cost, it added 3

July 4, 2018 12:00 AM Elections exclusive: How will Pakistan vote?

Gallup Pakistan (national), Pulse Consultant (national) and IPOR (provincial) polls show that PML-N remains the preferred party among voters in the largest province, but PTI has gained ground and narrowed the gap significantly. PTI remains the dominant party for voters in KPK, while PPP is ahead in Sindh. Balochistan, there is a three party mix. Nationally 2

July 1, 2018 12:00 AM Trump says Saudi agreed to raise oil output by 2 million barrels

WASHINGTON/RIYADH: US President Donald Trump said in a tweet on Saturday that Saudi Arabia´s King Salman had agreed to his request to increase oil production "maybe up to 2,000,000 barrels" to offset a decline in supplies from Iran and Venezuela. Trump tweeted: "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil 5

June 28, 2018 12:00 AM US SC deals major blow to US unions

WASHINGTON: The US Supreme Court on Wednesday dealt a major blow to American organized labour, ruling that public sector unions cannot charge non-members fees to cover the costs of collective bargaining. The 5-4 decision by the conservative-dominated court reversed a four-decade precedent and threatened to starve US labor unions of a once-dependable 1

June 15, 2018 12:00 AM FB news use declining, WhatsApp growing!

LONDON: News consumption is increasingly shifting from social media like Facebook to messaging applications like WhatsApp, according to a study published on Thursday which also found high levels of international public concern about fake news online. The Reuters Institute report, which covers 37 countries in five continents, found that the use of social 7