Morning News: Industrial activity shrinks 3.67% in June – By Alpha-Akseer Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan&rsquo;s large-scale manufacturing (LSM) sector ended fiscal year 2024-25 on a weak note, contracting by 0.74% compared with the previous year, according to provisional data released by the Pakistan Bureau of Statistics.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">As the date of Prime Minister Shehbaz Sharif&rsquo;s visit to China draws closer, Chinese CPEC Independent Power Producers (IPPs) have mounted pressure on the government for clearance of their outstanding receivables, which currently stand at around PKR 475 bn, well-informed sources told Business Recorder.</span></li></ul>