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Pakistan's manufacturing PMI falls amid geopolitical unrest & supply disruptions
Pakistan's manufacturing PMI falls amid geopolitical unrest & supply disruptions

Business Recorder

time4 days ago

  • Business
  • Business Recorder

Pakistan's manufacturing PMI falls amid geopolitical unrest & supply disruptions

KARACHI: The headline HBL Pakistan Manufacturing PMI fell to an 8-month low of 51.1 in May from 51.9 in April, reflecting a notable slowdown in business activity from the series peak in December. Analysts attribute the decline to disruptions caused by the recent geopolitical unrest and raw material shortages linked to road closures. The HBL S&P Manufacturing PMI, serves as a key economic indicator, offering a clearer & timely signal of business conditions compared to traditional GDP data. Unlike GDP, which is published quarterly and often revised, the PMI delivers real-time economic signals, showing a stronger correlation with equity markets. The exclusion of public sector activities partially helps explain why the PMI survey's global output index exhibits a higher correlation with equities. Humaira Qamar, Head of Equities & Research - HBL, commented on the latest report, stating 'The moderation in business activity was driven by a contraction in new orders—the most forward-looking subindex—emanating from geopolitical unrest and logistical disruptions. Export orders declined for a second consecutive month, further dampening business sentiment. While output expanded, it was mainly driven by the completion of existing orders. Despite temporary headwinds, including tariffs & geopolitical unrest, the outlook for the manufacturing sector remains optimistic. The survey indicates strong business confidence in production growth over the next year, fueled by expectations of improving demand.' Humaira mentioned that although interest rates are at their lowest in 3 years, the government's contractionary fiscal stance continues to keep growth prospects in check. Provisional estimates showed GDP growing at a modest 2.7% in FY25, up only slightly from 2.5% last year. This year's Federal budget is set for release on June 10 in close coordination with the IMF, where the authorities are expected to continue strong consolidation efforts, targeting a primary budget surplus of 1.6% of GDP, the third consecutive surplus. According to Humaira, FBR tax revenues are expected to rise 16%, outpacing nominal GDP growth, pointing to the limited scope for tax relief in the upcoming budget. She further stated 'To uphold fiscal discipline & offset potential tax shortfalls, the government will likely bolster non-tax revenues—through higher levies on petroleum products—and tighten development expenditures. However, defense spending may remain insulated from cuts, given the prevailing geopolitical landscape.' Copyright Business Recorder, 2025

No safe zones left as Pakistani shelling reaches Surankote for first time
No safe zones left as Pakistani shelling reaches Surankote for first time

New Indian Express

time18-05-2025

  • New Indian Express

No safe zones left as Pakistani shelling reaches Surankote for first time

SURANKOTE: In a sharp escalation after Operation Sindoor on May 7, Pakistani shelling reached Surankote, 40–45 km from the LoC, for the first time, shattering its long-held immunity and leaving no zone untouched in the intensified cross-border assault. On the night of May 8, a 12-year-old girl Humaira Chouhan and her twin sister Ifzah Chouhan were sleeping in the bedroom of their house in Mandirgali area of Surankote, which had remained peaceful during the past cross border shelling. The village being about 45 kms from LoC and had not been in the range of Pakistani troops shelling during past incidents of cross-border shelling whether it be 1965 war, 1971 war or the 1998 Kargil war. Around midnight, multiple explosions rocked Surankote as Pakistani shells rained down, with one landing near the house of sleeping twin sisters. The blast damaged their bedroom, shattering windows and glass panes, and reducing bedding and belongings to debris. 'We recovered Humaira from the debris of the room while her twin sister had gone to the washroom a few moments before the blast took place,' said Humaira's father, Mohammad Liyaqat. The girl was bleeding as she had suffered multiple splinter injuries and was rushed to a nearby hospital, where doctors treated her. She sustained splinter injuries in chest, arm, back and other parts of the body. 'Some of the splinters have been removed while others are still in the body and doctors have told me to again visit the hospital after 15 days,' said Humaira.

Veteran Pakistani TV actress Humaira Abid Ali, Iman Aly's mother, dies at 65
Veteran Pakistani TV actress Humaira Abid Ali, Iman Aly's mother, dies at 65

Gulf News

time05-05-2025

  • Entertainment
  • Gulf News

Veteran Pakistani TV actress Humaira Abid Ali, Iman Aly's mother, dies at 65

Dubai: Pakistani actress Iman Aly is mourning the loss of her mother, Humaira Abid Ali, a veteran artist deeply respected in Pakistan's creative circles. She was 65. The heartbreaking news was shared by Iman's sister, Rahma Aly, in an emotional Instagram Story on Sunday morning. 'Our mother passed away this morning. Please pray for her,' Rahma wrote, alongside a quiet request for prayers and privacy. Humaira Abid Ali had long-standing ties to Pakistan's television and arts community. Known for her grace and creative spirit, she was part of a family steeped in music, drama, and film — a legacy now carried forward by her daughters. As news of her passing spread, an outpouring of love and condolences began flowing in from fans, colleagues, and fellow artists. Many took to social media to honour Humaira's memory and offer strength to the grieving family. Humaira was a celebrated Pakistani television actress, renowned for her contributions during the golden era of Pakistan Television (PTV). She began her acting career in the 1970s and became known for her roles in numerous popular dramas, including Jhok Siyal, Dasht, Kankar, Jab We Wed, and Sammi, according to reports. Born in Lahore in 1960, Humaira married fellow actor Abid Ali in 1976. The couple had three daughters: Iman Ali, a prominent model and actress; Rahma Ali, a singer and actress; and Maryam Ali. Humaira and Abid Ali later divorced in 2006, but they remained on good terms until his passing in 2019

Girl's inquest suspended as police investigate
Girl's inquest suspended as police investigate

Yahoo

time13-02-2025

  • Yahoo

Girl's inquest suspended as police investigate

An inquest into the death of a 10-year-old girl who was hit by a car in Bradford has been suspended pending a criminal investigation. Humaira Bibi died the morning after she was hit by a silver Toyota Yaris on Ransdale Road near the junction with Ramsey Street just after 18:30 GMT on Sunday. Mohammed Zubair, her father, formally identified his daughter at Leeds General Infirmary, Bradford Coroner's Court heard. Assistant coroner Angela Brocklehurst suspended the inquest pending a police investigation, as a 35-year-old man was arrested on suspicion of causing death by dangerous driving. He has since been released on bail. Ms Brocklehurst said that Humaira had been "tragically involved in a road traffic collision" and the inquest would be suspended "until all of the evidence is at hand". The case would next be reviewed on 15 May, she said. Humaira's funeral was held in Bradford on Wednesday afternoon A 16-year-old girl sustained serious but non life-threatening injuries in the crash. Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North or tell us a story you think we should be covering here. School's tribute to 'bubbly' girl killed in crash West Yorkshire Police

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