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Articles for tag: business, Business pessimism rises under 'worst' government, Government, pessimism, rises, worst

July 26, 2024

News Desk

Business pessimism rises under ‘worst’ government

KARACHI: The nation’s business owners are growing pessimistic about their future due to ongoing political turmoil and the new tax budget, describing the federal government as the “worst” manager of the economy, according to a recent survey. Gallup Pakistan surveyed 454 small, medium and large business owners from over 30 regions in the second quarter of 2024 to compile its Gallup Business Confidence Index report. Many businesses found the government’s new economic plan for the 25th year unfriendly to business, with around two in five businesses citing inflation as their biggest problem. Majyd Aziz, former president of the Karachi Chamber

April 19, 2024

News Desk

Textile exports fall 7.7% as pessimism prevails

LAHORE: Pakistan’s textile exports slipped back into negative territory as March 2024 figures declined by 7.67% month-on-month (MoM), marking the second consecutive month that global sales of the economy’s main sector slowed. Textile exports totaled $1.299 billion in March against $1.407 billion worth of shipments to foreign markets in February. On a year-on-year (YoY) basis, exports increased by 2.74%. Textile manufacturers have been able to achieve positive growth in their exports for only two months – December 2023 and January 2024 – in the last several months. Exporters rightly expected some improvement in those months, mainly due to Black Friday

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