APTMA urges SBP to cut policy rate to 7 percent
All Pakistan Textile Mills Association (APTMA) has urged the State Bank of Pakistan (SBP) to further slash the interest rate by 2 percent to bring it at par with inflation. Appreciating SBP’s policy in dealing with the economic impact of Covid-19, the Association has said SBP has in very quick time announced two concessionary finance […]
LSM shows massive decrease in output for March
The large-scale manufacturing (LSM) output, for the month of March decreased by a whopping 22.95 per cent as compared to the same month last year. This was mainly due to mass closure of industries across the country amid COVID-19. The LSM constitutes 80pc of the country’s total manufacturing and accounts for nearly 10.7pc of the […]