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Pakistani Rupee Continues Upward Trend as US Dollar Depreciates in Both Open and Interbank Markets
Pakistani Rupee Continues Upward Trend; US Dollar Registers Further Decline Across Open and Interbank Markets, According to ECAP ISLAMABAD: The local currency sustained its positive momentum against the US dollar on Tuesday, with continuous marginal declines recorded for the greenback across both open and interbank foreign exchange markets. According to data released by the Exchange…
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Gold Prices Rise Further in International and Local Markets
Gold Prices Climb Further in International and Local Markets; Per Tola Rate Reaches Rs440,836 Following $9 Per Ounce Global Increase ISLAMABAD: Gold prices continued their upward trajectory across both international and domestic bullion markets on Tuesday, registering notable gains in tandem with global economic trends. In the international bullion market, the price of gold recorded…
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Pakistan’s Economy Projected to Grow Above 4% Despite High Oil Prices
Pakistan’s Economy Projected to Grow Above 4% Despite High Global Oil Prices; Over $1 Billion Expected Through State Privatization, States Finance Minister Muhammad Aurangzeb ISLAMABAD : Muhammad Aurangzeb, the Minister for Finance and Revenue announced that Pakistan’s gross domestic product (GDP) will reach 4% or higher for the current fiscal year, thanks to consistent economic…
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Flour Prices Soar Across Pakistan; Ground Flour Reaches Rs200 Per Kg
Flour Prices Soar Beyond Affordability Nationwide; Ground Flour Reaches Rs200 Per Kg and Roti Sells Up to Rs35 Amid Severe Wheat Shortages ISLAMABAD : The citizens of Pakistan are forced to say goodbye to essential food items due to the inflationary pressures which are pushing the price of essential food items out of reach of…
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Overseas Pakistani Remittances Reach $3.6 Billion in September
Overseas Pakistani Remittances Surge to $3.6 Billion in September; First-Quarter Inflows Reach $10.9 Billion, Says State Bank ISLAMABAD : Inflows of foreign remittances sent by overseas Pakistanis maintained a robust upward trajectory, providing substantial support to the national economy, according to official data released by the State Bank of Pakistan (SBP). During the month of…
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Pakistan State Oil Finalizes Strategic Oil Supply Agreement with Oman’s OQ Trading Under Government Guarantee
Pakistan State Oil Finalizes Strategic Oil Supply Agreement with Oman’s OQ Trading; Transactions to Be Backed by Government Guarantee KARACHI: In a momentous step towards enhancing the energy security and fuel supply of Pakistan, Pakistan State Oil (PSO) has now completed and signed a pivotal Sale and Purchase Agreement with Oman’s OQ Trading (OQT). Formal…
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Gold Prices Surge Again in Local and International Markets; Per Tola Rate Climbs to New Heights
Gold Prices Register Sharp Increase Across Local and International Markets; Per-Tola Gold Jumps by Rs5,900 KARACHI: The trend of higher prices for precious metals has taken a positive turn after a short dip and the upward surge has been seen for the second day in a row, with a significant rise in both domestic and…
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Pakistan’s Total Liquid Foreign Reserves Rise to $26.79 Billion
Pakistan’s Total Liquid Foreign Reserves Rise by $26.75 Million to Reach $26.79 Billion, States Central Bank KARACHI: The country’s liquid foreign exchange reserves kept on a positive ascent with positive addition during the week that ended on October 2.On the foreign exchange front, the overall liquid foreign reserves of the country increased by $26.75 million…
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Daily Price Changes Prevent Mass Hoarding, Says Minister Ali Pervaiz Malik
Petroleum Levy Matter Beyond My Control, Changes Require Global Consultations; Daily Price Adjustments Prevent Large-Scale Hoarding, Says Minister Ali Pervaiz Malik ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has clarified that petroleum levies is not in his control and any changes to the levy will be done after consultation with international partners.At a meeting…
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Downward Trend in Gold Prices Halts Across Global and Local Markets; Gold Increases in Value
Downward Trend in Precious Metal Prices Halts; International Gold Rises by $6 While Local Rates Register an Increase KARACHI: Gold prices across the world and in the country have finally turned up, ending a prolonged downward trend in recent trading sessions. The price of 24-carat gold up in domestic markets rose by Rs600 per tola…