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Debt soars Rs18.5tr during PDM govt

Debt soars Rs18.5tr during PDM govt

ISLAMABAD, (MANEND NEWS): In an alarming development, the Pakistan Democratic Movement (PDM) government added Rs18.5 trillion to the public debt in just 15 months, which was more than the debt accumulated by its arch-rival Pakistan

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Industrial output drops 10.26% in FY23

Industrial output drops 10.26% in FY23

ISLAMABAD, (MANEND NEWS): Pakistan's large-scale manufacturing (LSM) sector contracted by 10.26% in the fiscal year of 2022-23, as almost all major industries reported substantial declines, official data showed on Tuesday, according to The News. The

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Despite sharp tariff rise, circular debt soars to Rs2.31tr

Despite sharp tariff rise, circular debt soars to Rs2.31tr

ISLAMABAD, (MANEND NEWS): The power sector circular debt jumped to Rs2.31 trillion by the end of June 2023 after revenue gains from a massive increase in electricity prices were lost to the inefficiencies, theft and

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SBP to issue Rs100 coin

SBP to issue Rs100 coin

KARACHI, (MANEND NEWS): To mark the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), the State Bank of Pakistan (SBP) to issue Rs100 commemorative coin on Friday. The coin shall be issued through the exchange

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