In a statement issued here, the central bank said that in terms of growth during September 2024, remittances increased by29 percent on a year-on-year basis “Remittances inflows during July 2024 were mainly sourced from Saudi Arabia (US$681.3 million), United Arab Emirates (US$560.3 million), United Kingdom (US$ 423.6 million), and, the United States of America (US$274.9 […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.50 and Rs 280 respectively. The price of the Euro decreased by Rs1.32 to close at Rs 307.31 against the last day’s closing of Rs 308.63, according to the State Bank […]
The move has been taken after an unprecedented Rs3.4 trillion profit by the State Bank of Pakistan (SBP) due to a record-high 22pc interest rate, which has now dropped to 16%. According to a notification issued by the Debt Management Office (DMO) of the Ministry of Finance, Pakistan, the scope of the Government Securities Buyback […]
According to data shared by the central bank, Pakistan’s total foreign exchange reserves stood at US$ 14—82 billion as of September 13. Meanwhile, the country’s net foreign reserves held by commercial banks stood at US$5.31 billion. “During the week ended on 13-Sep-2024, SBP reserves increased by US$ 43 million to US$ 9,509.6 million,” the statement […]
The local unit (PKR) appreciated by 10 paisa against the US dollar (USD) and closed at Rs 278.16 against the previous day’s closing of Rs 278.44. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.00 and Rs 280.85 respectively. […]
According to the statistics, exports to the United States in July this year stood at 476.017 million dollars, which is 7.26 percent higher than the same period last year. The exports to the UAE witnessed an increase of 7.74 percent. Similarly, the exports to Britain and China stood at 183.303 million dollars and 160.100 million […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278.75 and Rs 280.25 respectively. The price of the Euro increased by 63 paise to close at Rs 309.58 against the last day’s closing of Rs 308.95, according to the State […]
In a statement issued here on Thursday, the State Bank of Pakistan (SBP) informed that liquid foreign reserves held by the central bank increased by $33 million to $9,436.8 million during the week ending on August 30, 2024. Meanwhile, it added that net foreign reserves held by commercial banks were recorded as $5,303.1 million during […]
A total of 770,518,958 shares were traded during the day as compared to 969,768,756 shares the previous day, whereas the price of shares stood at Rs 14.287 billion against Rs 17.510 billion on the last trading day. As many as 444 companies transacted their shares in the stock market, 148 of them recorded gains and […]
According to sources, the Ministry of Commerce has proposed a new strategy to regulate exporting essential food items such as fruits, meat, poultry, sugar, and rice. The move came at a time when the government aims to curb inflation and ensure the availability of essential items at affordable prices. The ministry has also proposed to […]
