Business
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Business
Before budget: Why Pakistan’s economic salvation lies in political wisdom?
In a normal year, Pakistan’s federal budget is typically presented by inflating income and deflating expenses to meet the predetermined…
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Business
Govt jacks up parliamentarians SAP funding by Rs5bn
The amount will be raised to Rs116 billion. SAP funding has gone up from Rs70bn in outgoing fiscal year. FinMin…
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Business
Gold prices sharply fall as rupee shows rich recovery
Rate of gold reaches Rs229,000 per tola. International rate settles at $1,967 per ounce. Price of silver also declines to…
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Business
Alarms raised as food prices push CPI inflation to record 38% in May
Inflation clocks in 1.6% on month-on-month basis. AHL says reading takes 11MFY23 average inflation to 29.2%. Pakistan’s inflation outstrips Sri…
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Business
Govt to approach IMF ‘immediately after budget’ for new programme
Govt is planning to wind up existing IMF programme. New programme is expected to be “tougher”, sources say. Next bailout…
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Business
SSGC issues statement on ‘gas loadshedding plan for Karachi, other areas’
The Sui Southern Gas Company (SSGC) has denied the media reports claiming that a gas loadshedding plan had been notified…
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Business
Gold price registers meagre increase in Pakistan
Rate of gold (24 carats) increases by Rs500 per tola. Interbank and open market rate gap widens. Gold falls $12…
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Business
Gold gains Rs600 per tola in Pakistan
Gold price settles at Rs151,800 per tola.Rates in Pakistan are around Rs2,000 below the cost.Silver prices remain unchanged. KARACHI: Gold…
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Business
Rupee gains more ground against dollar
Rupee closes at Rs221.66 against dollar.Appreciates 0.12% in interbank market.Currency dealers expect rupee to remain range-bound. KARACHI: The Pakistani rupee continued…
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Business
Gold slides on rupee recovery; investors assess economic cues
Gold price settles at Rs150,000 per tola.Cumulatively, it gained Rs4,500 per tola in October.Silver prices remain unchanged in local market.…
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