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Web Desk
Jun 09, 2024

Economic Survey documents reveal mixed economic trends

The Economic Survey of Pakistan, set to be unveiled on June 11, promises to shed light on Pakistan’s economic trajectory, showcasing both signs of improvement and areas of concern.

Business

Shahzad Paracha
Jun 08, 2024

PM Shehbaz orders action on misuse of vehicle import schemes

Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to control the massive misuse of vehicle import schemes.

Business

Web Desk
Jun 08, 2024

SBP may cut policy rate by 100 bps on Monday

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to convene on Monday, June 10, to deliberate on potential adjustments to the monetary policy.

Business

Web Desk
Jun 08, 2024

Gold prices witness massive decline in Pakistan

Gold prices in Pakistan experienced a significant drop on Saturday, aligning with a decline in the international market.

Business

Web Desk
Jun 07, 2024

Overseas workers’ remittances surge by 54.2 per cent in May 2024

The State Bank of Pakistan (SBP) reported on Friday that overseas workers’ remittances increased by a significant 54.2 per cent year-on-year (YoY) in May, reaching $3.24 billion compared to $2.1 billion in the same month last year.

Business

Web Desk
Jun 07, 2024

Weekly inflation surges by 21.69 per cent YoY

The SPI for the Combined Group saw a 0.45 per cent increase on a week-on-week (WoW) basis during the week ending on 6th June.

Business

Web Desk
Jun 07, 2024

Extensive borrowing: central govt debt surges by 12.77 per cent

The total debt of Pakistan’s central government surged by 12.77 per cent year-on-year, reaching Rs66.08 trillion in April 2024, compared to Rs58.6 trillion in April 2023, according to data released by the State Bank of Pakistan (SBP).

Business

Web Desk
Jun 07, 2024

PSX suffers weekly loss of over 2,100 points

The Pakistan Stock Exchange (PSX) endured a challenging week, with the benchmark KSE-100 index witnessing a total loss of 2,124 points.

Business

Web Desk
Jun 07, 2024

Interbank closing: PKR gains 19.03 paisa against USD

The Pakistani rupee (PKR) appreciated by 19.03 paisa against the US dollar (USD) in Friday’s interbank session, closing the trade at PKR 278.2 per USD, up from the previous session’s closing of PKR 278.39 per USD.