Tag Archives: Decline

DAP sales decline in the aftermath of price surge

DAP sales decline in the aftermath of price surge

KARACHI – DAP prices in the international market have swelled by 19 percent in November 2010 and reached $588 per tonne compared to an average of $494 per tonne in the third quarter of calendar year 2010.
Resultantly, increase in retail prices stood at a monthly 14 percent in the local market. A sharp decline

Army could intervene if country continues to decline: Musharraf

LAHORE: Former president Pervez Musharraf has warned that the army might have to intervene again in politics, if the country continues to decline.
Speaking exclusively to Sky News from his new home in the UAE, Musharraf said “Pakistan may be forced to take matters into their own hands – which could include working with the Taliban – if it continues to feel alienated by the rest of the world”. “There is no bar against me going back to Pakistan. But the conditions have to be

Currency-to-deposit ratio decline fuels inflation

KARACHI: The State Bank of Pakistan (SBP) has attributed heavy government borrowing from the central bank and the consequential inflation spike to the deterioration of currency-to-deposit ratio in the banking system which had shown “contractionary” growth of 40 percent during the last three fiscal years from 2007 to 2010.
Furthermore, the central bank, stressing the need for a coordinated response to the changing macroeconomic climate, said a nominal growth of 24 percent in

Decline in foreign investment amid crisis

KARACHI: Pakistan suffered a decline in the inflow of foreign direct investment in the first quarter of 2010-11, as 24 major manufacturing sectors received considerably less foreign investment in comparison to the quantum of investment received in the corresponding period of last fiscal year.
Among the sufferers were sectors including food, food packaging, beverages, tobacco, paper, leather, leather products, chemicals, petroleum refining, pharmaceuticals, ceramics, metal