KARACHI: The average customer rates of buying and selling of US dollar (USD) against Pakistani rupee (PKR) are Rs169.5 and Rs171 at 09:32 am PST on November 4, 2021.The USD remains stable against the PKR when compared with the buying and selling of Rs169.5 and Rs171 on November 3, 2021. The exchange rate is based […]
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Karachi: Latest Gold Rate in Pakistan today (2nd November 2021) is Rs. 100,363 per 10 grams, and the rate of Gold is Rs. 114,700 per tola in Pakistan today.Gold Rates in KarachiKarachi Is the main hub for Gold Rate, Every City Follows Karachi Sarafa Bazar Association For Gold Rate,Today Gold Rate for different Cities Including […]
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Saudi Development Fund to park $3 billion in State Bank of Pakistan: $1.2b oil deferred payments also approved.Saudi Arabia has announced depositing $3 billion in the State Bank of Pakistan and $1.2b oil deferred payments facility during the year.Information Minister Fawad Chaudhry and Energy Minister Hammad Azhar took to social media to confirm the news.”Breaking […]
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ISLAMABAD: Port congestion and relating infrastructure constraints have put the shippers of strategically important supplies in a tough situation besides economic losses to the nation as the ministries of energy and maritime affairs like to run port operations to their preferences. This results in underutilisation of port infrastructure and an unnecessary wait for ships and […]
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KARACHI: The foreign exchange reserves held by the central bank fell 8.6% during the week ending on October 8, according to data released by the State Bank of Pakistan (SBP) on Thursday. On October 15, the foreign currency reserves held by the SBP were recorded at $17,492.2 million, down $1.65 billion compared with $19,138.4 million.Overall […]
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MANCHESTER: Governor State Bank of Pakistan (SBP) Reza Baqir on Thursday has said that Inflation in Pakistan is artificial and will be put under control soon.Addressing a press conference in Manchester, SBP governor Reza Baqir said that the prices of commodity products were increased in Pakistan due to the rise in exchange rates and added […]
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“A strong rebound in economic activity and higher int’l commodity prices kept CAD at an elevated level in Q1-FY22,” SBP reports.During September, the balance of trade in goods recorded a deficit of 5.9% year-on-year.Samiullah Tariq predicts that exchange rate depreciation will help curtail deficit to manageable levels.Pakistan’s current account deficit — the gap between foreign […]
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A deadlock persists between Pakistan and International Monetary Fund as the global lender has put forward harsh conditions for the release of stalled loan programme asking Islamabad to undo unnecessary tax holiday facility and raise the tax collection to Rs6,000 billion.Sources divulged to the 24NewsHD on Monday that talks between the IMF and Pakistan were […]
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ISLAMABAD: The Ministry of Finance has rejected the news regarding the failure of talks between Pakistan and the International Monetary Fund (IMF) and said there was not any deadlock with the IMF.Finance Ministry spokesman Muzammil Aslam, in a statement, said that there was no truth in the news about the deadlock, adding that the talks […]
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1.Oil and Gas The Oil and Gas Regulatory Authority is a crucial organization that helps keep fuel prices in Pakistan under control (OGRA). The cost of gas is included in this. The OGRA recently proposed an increase in petrol prices of Rs 5.90. Despite its seemingly insignificant nature, this can have a big impact on […]
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