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Car sales rise 11pc in August

KARACHI: Car sales by traditional automakers rose 11 per cent year-on-year but fell 21pc month-on-month to 15,558 in August, mainly owing to competition from New Energy Vehicles (NEVs), the Pakistan Automotive Manufacturers Association (PAMA) reported on Monday.

Index tumbles 2,541 points on Mideast tensions

KARACHI: Extending last week’s bearish trend, the Pakistan Stock Exchange (PSX) on Monday continued its southward slide amid a worsening Middle East conflict, rising crude oil prices, and tighter supplies, all of which pose serious risks to the economic outlook as inflationary pressures soar, dragging the benchmark KSE-100 index below…

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