LONDON, UK: M&C Saatchi Plc has reported a challenging fiscal year 2023. The company saw a slight decrease in revenue, down by 2% from the previous year, standing at £453.9 million compared to £462.5 million in FY22. This dip was mirrored in the net revenue, which also fell by 7% to £252.8 million. The company’s…
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Pakistan’s car sales decline 40% amidst muted demand
KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down by 40% MoM to clock in at 3,642 units. The decline in sales is mainly due to supply side constraints along with muted demand which has led automobile players to close…