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Tag: Economic Decline

new home prices in China
World
  • Web Desk
  • Aug 15, 2024
China’s property prices hit nine-year low in July

In July, new home prices in China dropped by 4.9 per cent year-on-year, marking the largest decline in nine years, according to the National Bureau of Statistics (NBS).

car sales in Pakistan
Business
  • Web Desk
  • May 20, 2024
Auto financing in Pakistan declines for 22nd consecutive month

Automobile financing in Pakistan has declined to Rs235.69 billion in April 2024, reflecting a 1.56 per cent month-on-month decrease from Rs239.44 billion in March 2024, according to the latest data released by the State Bank of Pakistan (SBP).

USD to PKR
Business
  • Web Desk
  • Oct 30, 2023
Sixth consecutive decline: Pakistani rupee closes 38 paisa lower against US dollar

In the latest economic developments, the Pakistani rupee faced its sixth consecutive decline against the US dollar, depreciating by 0.14 per cent in the inter-bank market on Monday.

auto financing Pakistan
Business
  • Web Desk
  • Oct 21, 2023
Pakistan’s auto financing sees Rs95.6 billion decline over 15 months

In September 2023, outstanding auto loans in Pakistan experienced a continual decrease, marking the 15th consecutive month of contraction.

Pakistan Afghanistan trade
Business
  • Web Desk
  • Oct 11, 2023
Pak-Afghan bilateral trade hits alarming low

Reports indicate a significant decline in September, painting a concerning picture of the trade relationship between the two nations.

Pakistan's foreign exchange reserves
Business Pakistan
  • Web Desk
  • Oct 05, 2023
Pakistan’s foreign exchange reserves drop by $21 million

The State Bank of Pakistan (SBP) disclosed that the country’s foreign exchange reserves declined by $21 million within a week, reaching $7.615 billion by September 28, according to data released on Thursday.

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