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Budget preparation ‘hits snag’ over delay in IMF deal
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[ad_1] A representational image. — Unsplash ISLAMABAD: Preparations for the upcoming budget have been hampered due to the delay in an agreement with the International Monetary Fund (IMF), sources told Geo News Saturday. Due to the economic and political uncertainty…
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Rupee hits one-month high at 283.39 to a dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar in inter-bank market, maintaining its winning streak for the second consecutive working day. The currency market resumed…
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Gold price hits historic high of Rs217,700 per tola in Pakistan
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[ad_1] An undated image of gold bars. — AFP/File Gold rate on Monday jumped to a historic high after the Pakistani rupee slumped significantly against the US dollar as the country struggles to secure external financing. According to the data…
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Yearly inflation hits another peak at 46.65% | The Express Tribune
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[ad_1] ISLAMABAD: The yearly short-term inflation rose by 46.65% – highest ever in the country’s history – measured on the basis of the Sensitive Price Index (SPI) during the week that ended on March 22, the Pakistan Bureau of Statistics…
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Pakistan’s current account deficit hits two-year low | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account deficit (CAD) hit a two-year low of $74 million in a month, narrowly failing to turn around the country’s deficit into surplus in February. The government achieved the significantly low deficit through limiting imports to…
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US inflation hits slowest pace in over a year amid hopes of less hawkish Fed
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[ad_1] People shop at a store in Rosemead, California, US, June 28, 2022. — AFP WASHINGTON: Consumer inflation in the United States slipped in December to the lowest level in more than a year, government data showed on Thursday, signalling…
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Gold hits all-time high in Pakistan as economic woes spur buying frenzy
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[ad_1] — AFP Gold prices in Pakistan surged to a record high as people took refuge in the safe-haven metal on mounting concerns that the nation’s economic condition conditions will deteriorate further. For the first time in the history of…
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Gold hits new high of Rs170,900 per tola in Pakistan on safe-haven buying
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[ad_1] An image of gold necklace showcased in a jewellery shop. — AFP/File Amid constant depreciation of rupee against the US dollar, gold and silver continued to shined in Pakistan, rising to their all-time high levels on Wednesday. Gold prices…
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New day, new high: Gold hits Rs169,650 per tola
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[ad_1] A representational image of gold bangles. — AFP/File Amid the shortage of dollars in the country, investors shifted their focus toward gold consequently its price in Pakistan reached a historic high of Rs169,650 per tola on Monday. Price of…
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Forex crunch hits govt’s own transactions | The Express Tribune
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[ad_1] ISLAMABAD: A financial crunch and the paucity of dollars in government coffers is affecting the government’s own business, as the railways ministry complained on Monday of facing difficulties in opening the letter of credit for the import of carriages…
