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Tag: Economic News

Pakistan govt debt
Business
  • Web Desk
  • Aug 28, 2024
Govt retires over Rs165 billion debt, reducing net borrowings

The government has repaid Rs165.84 billion in debt during the week ending on August 16, 2024, reducing its total net borrowing.

Pakistan's debt update
Business
  • Web Desk
  • Jul 05, 2024
International, domestic borrowing push Pakistan’s debt up by 15.01 per cent

The central government’s total debt surged by 15.01 per cent year-on-year, reaching Rs67.82 trillion in May 2024.

SBP held foreign exchange reserves
Business
  • Web Desk
  • Apr 04, 2024
SBP’s forex reserves climb to $8.04 billion

The State Bank of Pakistan (SBP) witnessed a notable uptick in its foreign exchange reserves, climbing by $18.5 million or 0.23 per cent week over week (WoW) to reach $8.04 billion by the week ending on March 29, 2024.

petrol price increase
Business
  • Web Desk
  • Mar 13, 2024
Petrol, diesel prices expected to increase this week

The government is expected to implement a slight adjustment in fuel prices for the latter part of March 2024.

Suzuki Swift Price 2024
Business
  • Web Desk
  • Mar 11, 2024
Automaker raises car prices following recent tax hike

Pak Suzuki Motor Company Limited has announced a substantial hike in the price of its Swift GLX CVT model.

Pakistan external financing
Business
  • Web Desk
  • Mar 08, 2024
Workers’ remittances dip by 6.18% in February

In a recent report by the State Bank of Pakistan (SBP), workers’ remittances for February witnessed a month-over-month (MoM) decline of 6.18 per cent, amounting to $2.25 billion compared to the previous month’s $2.4 billion.

weekly inflation in Pakistan
Business
  • Web Desk
  • Mar 08, 2024
Weekly SPI shows 1.11% increase

The Weekly Sensitive Price Indicator (SPI) for the Combined Group experienced a modest 1.11 per cent increase week-on-week (WoW) during the period ending March 7, 2024.

US job cuts 2024
Business
  • Web Desk
  • Mar 07, 2024
US records 3% surge in job cut announcements

WEB DESK: Layoff announcements in the United States experienced a 3 per cent surge last month, reaching the highest level in 11 months.

SBP foreign exchange reserves
Business
  • Web Desk
  • Mar 07, 2024
SBP’s foreign exchange reserves dip by $54 million

State Bank of Pakistan has reported a decrease of $54 million in its foreign exchange reserves for the week ending March 1, 2024.

pakistan stock exchange
Business
  • Web Desk
  • Mar 04, 2024
PSX achieves highest closing since December 2023

In a significant upswing, the Pakistan stock market reached its highest level in nearly three months, closing at 65,951.73 points on Monday.

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