Gold price edges lower amid economic uncertainty
Spot gold rose $5 to $1,870 per ounce, after hitting its lowest level since January 6. Gold price edges lower…
State Bank of Pakistan
Read More
Rupee weakens against dollar amid ambiguity on IMF talks
Local currency loses Rs1.17 against greenback during intraday trade, after appreciation for two consecutive sessions in interbank market. Rupee weakens…
Rupee down in the dumps as dollar continues to flex muscles
Rupee closes at an all-time low of 269.63 against dollar in interbank market after losing Rs7. The rupee continued its…
State Bank withdraws condition of prior approval for imports
SBP directs banks to prioritise import of certain essential items. State Bank withdraws condition of prior approval for imports. The…
Govt raises Naya Pakistan Certificate’s markup rates for foreign investments
Rate of return is now 7% for 3-month investments of $1,000. Govt raises Naya Pakistan Certificate’s markup rates for foreign…
FDI shrinks by 59% to $461m in first six months of FY 2023
Investment in power sector falls to $237 million from $345 million. FDI shrinks by 59% to $461m in first six…
PSX plunges over 1,378 points to hit 2.5-year low as politics weighs
The delay in the revival of IMF loan programme & ongoing political uncertainty in the country caused the bloodbath in…
Illegal channels: Pakistan’s remittances fall 19% to $2bn in Dec
Remittances decline 11% to $14.052 billion in first half of FY23. Illegal channels: Pakistan’s remittances fall 19% to $2bn in…
Food supply at risk as banks reluctant to open LCs
Thousands of shipping containers stuck at Karachi Port. Food supply at risk as banks reluctant to open LCs. Despite the…
Saudi Arabia ready to invest more in Pakistan amid currency crisis
Saudi Crown Prince Mohammad Bin Salman instructs studying investment increase to reach $10b, deposits to $5b. Saudi Arabia ready to…