Tag Archives: Decline

FY11 saw 3.1pc decline in oil sales

Despite increasing energy demand in the country, complimented with a severe gas shortage, the oil consumption in Pakistan witnessed a slump of 3.1 per cent during the fiscal year 2010-11. Oil consumption

Fertiliser sales decline

National Fertilizer Development Corporation (NFDC) has released fertiliser data for the month of May 2011. During the month, urea and DAP offtake registered a decline of 20 per cent (year on year)

Auto sales set to decline

Auto sales are expected to further decline by an estimated 20-25 per cent in anticipation of a three per cent decline in auto prices starting 1 July. The decline is due to

51pc decline seen in foreign loans in FY11

KARACHI – Pakistan has recorded 51 percent decline in the disbursement of foreign loans and assistance in eight months of the ongoing financial year. From July to February during the current financial year, Pakistan has received only $1.337 billion from donors and multilateral lenders. In the last financial period, the country has received $2.741 billion from July-Feb period, Pakistan Today learnt on Thursday. A fifty one percent decline in the disbursement of foreign loans and credit

Help stop decline of rationality, Zardari asks US congressmen

ISLAMABAD – President Asif Ali Zardari told US congressmen on Thursday to play their role in urging the United Nations and the international community to work out plans to promote cultural and religious harmony in order to stop the decline of rationality and sanity.
In a meeting with a US congressional delegation led by House Armed Services Committee Member Rob Wittman at Aiwan-e-Sadr, the president once again condemned the burning of the Holy Quran by what he described as a

LSE witnesses decline

LAHORE – The Lahore Stock Exchange (LSE) witnessed a small decrease in the volume on Monday. The LSE 25-shares lost 42.46 points to close at 3,374.25 against its opening at 3,416.71 levels.
Out of total 97 active scrips, 6 went up, 45 went down and 46 closed without any change in their opening values. The volume of the market remained 3.13 million shares, which was 1.18 million shares less than Friday’s turnover of 4.32 million shares.
National Bank of Pakistan was the

KSE shows slender decline

KARACHI – The local bourse underwent technical correction amid tough conditions, for the release of funds, set by US and IMF. Front line stocks from banking and fertiliser sectors faced renewed off-loading from local participants, both from corporate and retail circuits.
The KSE-100 lost 2.36 points to close at 12125.79 levels, while total volume and total stood at 86,487,579 and 5,899,162,764 respectively. However, presence of renewed buyers in growth and dividend yielding

Hostile climate propels a decline in kinnow export

KARACHI – Pakistan’s kinnow export is likely to slide by around 50,000 tonnes this year against targeted export of 0.260 million tonnes. Sources stated that this decline is triggered by unfavourable climate and less production in the country. Production of kinnow has fallen by a considerable 25 percent in the current season, standing at around 1.4 million tonnes against last season’s production of 1.8 million tonnes.
Talking to Pakistan Today, former All Pakistan Fruit and