Economy
Rupee’s rebound against USD persists
Karachi, November 29, 2023 :On Wednesday, the Pakistani rupee sustained its recovery against the US dollar in the interbank market. As per the State Bank of Pakistan (SBP), the Pakistani rupee appreciated by Re0.12, concluding at Rs285.39 in the interbank market. Forex dealers reported the local currency trading at Rs286.50 in the open market. In…
Gold prices on the rise in Pakistan
Islamabad, November 27, 2023 : The price of 24 karat gold per tola rose by Rs.1,100, reaching Rs.217,600 on Monday, as opposed to its previous sale at Rs.216,500 on the last trading day. The cost of 10 grams of 24 karat gold rose by Rs 943 to Rs 186,557 from Rs 185,614. Simultaneously, the price…
Road to USD 100 billion exports, Pak China trade
Islamabad ,November 23, 2023: Dr. Gohar Ejaz, the Minister of Commerce & Industry received the H.E. Jiang Zaidong, the Ambassador of China to Pakistan for a meeting today to discuss Pakistan-China Economic cooperation especially in fields of trade and Investment. The focus of the discussions revolved around the implementation of the China-Pakistan Economic Corridor (CPEC),…
The inaugural IT Export strategy for Pakistan has been unveiled
On Thursday, Dr. Umar Saif, the Caretaker Minister for Information Technology and Telecommunications, introduced Pakistan’s inaugural IT Export Strategy. The aim is to elevate the country’s IT exports to $10 billion within the next three years. Addressing the launch event as the chief guest, he mentioned that the Pakistan Software Export Board (PSEB), operating under…
Car sales decline in Pakistan
Islamabad, November 22, 2023 : Car sales in the initial four months of the current financial year 2023-24 have fallen by 47.4% compared to the corresponding period last year, according to recent data from the Pakistan Automobile Manufacturing Association (PAMA). The data indicates a significant decrease in car sales, with 20,871 units sold during the…