Economy
Rupee gains 09 paisa against dollar
Islamabad, August 26, 2024: Pakistani rupee on Monday appreciated by 09 paisa against the US dollar in the interbank trading and closed at Rs 278.41 against the previous day’s closing of Rs 278.50. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood…
Short-term inflation eases by 0.10%
Islamabad, August 23, 2024: The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.10 percent for the combined consumption groups during the week ended on August 22, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the…
Foreign reserves stand at $14.66 billion
Islamabad, August 22, 2024: The total liquid foreign reserves held by the country stood at US$ 14,667.4 million as of August 16, 2024, State Bank of Pakistan (SBP) reported Thursday. According to the breakup figures, the foreign reserves held by SBP stood at US$ 9,291.8 million whereas net foreign reserves held by commercial banks were…
Rupee gains 10 paisa against dollar
Islamabad, August 20, 2024: Pakistani rupee on Tuesday appreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs 278.34 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…
Early signs of recovery as Private sector credit growth trend alters
As Pakistan’s economy enters into a monetary easing cycle for the first time in four years, a crucial economic barometer – the private sector credit has begun to reflect some early signs of recovery in some of the segments. Private sector credit growth reported a 6% YoY growth in Jun-2024 already – strongest in 15…