The State Bank of Pakistan in a statement said that “the total foreign reserves of Pakistan surged to US$16.62 billion supported by recent Asian Development Bank (ADB) loan transfer, while the SBP reserves crossed $12 billion as of November 29, 2024.” According to the SBP, the total liquid foreign exchange reserves held by the central […]
KSE-100 added 3,134.63 points, or 2.98 percent to close at 108,238.97 points, as compared with the closing of 105,104.34 points on the last trading day at the stock market. A total of 1.64 billion shares were traded during the day at the PSX, from the previous day’s turnover of 1.74 billion. The price of shares […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.50 and Rs 279.00 respectively. The price of the Euro increased by 85 paise to close at Rs 292.98 against the last day’s closing of Rs 292.13, according to the State […]
New orders, closely watched as an indicator of future business activity in Europe’s biggest economy, fell 1.5 percent month-on-month, according to preliminary data from federal statistics agency Destatis. But the agency revised up the reading for September by three points to an increase of 7.2 percent, because of a large order in ship manufacturing that […]
However, dissension that caused a delay in the meeting originally scheduled for Sunday has created some doubts about it being able to maintain the cuts that have propped up prices. “OPEC+ is expected to decide on Thursday to postpone the production increase for a further three months until the end of the first quarter,” said […]
According to details, the funds will be used to establish stable aviation fuel reserves in the country. A private aviation fuel storage facility is planned to be set up in Sheikhupura, Punjab. The loan falls under the climate support framework aimed at financing infrastructure projects. The initiative is expected to reduce carbon emissions in the […]
The price of 10 grams of 24 karats and 10 grams of 22 karat also remained constant at Rs 235,940 and Rs 216,278 respectively. Per tola and ten-gram silver were also traded at the same rate at Rs 3,400 and Rs 2,914.95, respectively. The price of gold in the international market remained stagnant at $2,640, […]
No agreement has been reached regarding the purchase of crude oil from Russia, Musadik Malik said during his informal media talk. He said the deregulation of the fuel prices would benefit the masses and added that the final decision about deregulating the fuel prices would be taken by PM Shehabz Sharif. Media reports suggested that […]
According to a report from Forex. pk, the price for 10 grams of 24-karat gold in Saudi Arabia stands at SAR 3,184. Additionally, the price per ounce of gold is reported to be SAR 9,905 It is important to note that gold prices fluctuate globally, including in Saudi Arabia, and the figures presented here reflect […]
As per sources, one of the primary concerns of Pakistan is the privatization of DISCOs, which is feared to remain incomplete by January. The target to maintain foreign exchange reserves equivalent to three months of import bills by March is also at risk. The well-placed sources said that revenue targets are unlikely to be met […]
