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Business Pakistan

Web Desk
Jan 02, 2024

Inflation in Pakistan surges to 29.7% YoY in December 2023

Pakistan Bureau of Statistics (PBS) revealed that the country’s headline inflation reached 29.7 per cent on a year-on-year basis in December.

Business

Web Desk
Dec 28, 2023

Pakistan’s CPI inflation expected to ease in early 2024

In its monthly economic report released on Wednesday, the Finance Ministry disclosed that consumer price index (CPI) inflation in Pakistan is projected to hover between 27.5-28.5 per cent in December 2023.

Business

Web Desk
Dec 14, 2023

SBP reports notable increase in forex reserves

In a notable surge, the foreign exchange reserves held by the State Bank of Pakistan (SBP) experienced an increase of $20.6 million, equivalent to 0.29 per cent WoW, reaching $7.04 billion in the week concluding on December 8, 2023.

Business

Web Desk
Dec 13, 2023

Fitch maintains ‘CCC’ rating for Pakistan amid high external funding risks

In a recent development, Fitch Ratings, the American credit rating agency, has assigned a ‘CCC’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to Pakistan.

Business

Web Desk
Dec 08, 2023

PSX hits new record high, surges 2.33% to reach 66,223.63

The Pakistan Stock Exchange (PSX) continued its upward trajectory, marking a new milestone as the benchmark KSE-100 index surged on Friday.

Business

Web Desk
Dec 06, 2023

PSX gains 961.7 points to close at new record high of 63,917.72 points

The Pakistan Stock Exchange (PSX) continues its robust performance, as the benchmark KSE-100 Index surged by 961.7 points, or 1.53%, reaching a new record high of 63,917.72 at the close of today’s session.

Business

Web Desk
Nov 28, 2023

Pakistani rupee breaks losing streak, closes at Rs285.52 vs US dollar

In Tuesday’s interbank session, the Pakistani rupee (PKR) witnessed a 12-paisa appreciation against the US dollar, concluding the day at PKR 285.52.

Business Latest

Web Desk
Nov 16, 2023

Gold prices in Pakistan take a dip

In the latest market developments, domestic gold prices wrapped up their bullish run on Thursday, witnessing a dip in the value of 24-karat gold by Rs500 per tola, settling at Rs214,300.

Business

Web Desk
Nov 01, 2023

Pakistan’s headline inflation drops below 27% in October

Pakistan experienced a headline inflation rate of 26.9 per cent compared to the previous year, according to the Pakistan Bureau of Statistics.

Business

Web Desk
Oct 31, 2023

Pakistan stock market closes near 52,000 mark

In today’s trading session, the bulls maintained their stronghold on the local stock exchange, propelling the benchmark KSE-100 index to a notable surge of 437.35 points, or 0.85 per cent.