Stories from Usman Hanif
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Local startup exits tripled in 2022
The number of exits exceeds that of the last five years combined
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Toyota prices hiked up to Rs1.2m
Due to economic uncertainty and inflation
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Thin demand pulls textile exports
Shipments of textile goods to overseas markets fall 17% to $1.35b in December
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Terms and conditions of Geneva pledges questioned
Businessmen fear funding can put Pakistan under more debt burden
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Businessmen seek unity to tackle crisis
Call on all govt organs to jointly draw up charter of economy
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Textile exporters decry govt’s apathy
Demand opening of LCs, release of sales tax refunds
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The flat-tire in Pakistan’s automobile sector
The country has repeatedly been unable to negotiate better terms with automakers for exports from the local industry
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Urea prices jacked up by Rs190 per bag
Hoarders, profiteers blamed for causing artificial shortage
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Millat Tractors suspends operations indefinitely
Cites reduced demand, cash flow constraints as reasons
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40,000 jobs in mobile industry under threat
Industry faces risk of collapse owing to dearth of imported raw material