The Pakistani rupee (PKR) experienced a marginal depreciation against the US dollar during Friday’s trading. In the interbank market, the dollar experienced a 58-paisa increase, causing it to appreciate against the Pakistani rupee. This increment pushed the dollar’s value to 295.50 rupees. This has also drawn attention to the currency’s performance in the open market, مزید پڑھیں

As the rupee’s value declines in relation to the dollar, we must understand the most effective ways to address this growing problem. But in order to do that, one must have a basic understanding of Pakistan’s current economic situation. Like every other market for products and services, the market where the dollar is traded operates مزید پڑھیں

The price of gold in Pakistan witnessed an increase of Rs1200 per tola on Thursday according to Pakistan Sarafa Gems and Jewellers’ Association (APSGJA). After the increase, the price of the gold metal per tola reached Rs Rs225,000. The price of 10 grams stands at Rs192,901 witnessing an increase of Rs1,029. Yesterday, the price of مزید پڑھیں

The Pakistani currency witnessed a significant drop on Tuesday – the first day of the interim government taking over the reins of power in the centre – and closed at a three-month low of Rs292 against the US dollar. The local currency shed Rs3 against the greenback in the interbank market around midday. The drop مزید پڑھیں

Pakistan might increase the petroleum products prices by Rs14 to Rs24 per litre amid the rise in the international oil markets. The decision would be taken by the next bi-monthly review (August 16-31). If approved, this would second massive hike in petroleum products after the outgoing government increased the fuel prices by nearly Rs20 per litre مزید پڑھیں

The Executive Committee of the National Economic Council (Ecnec) on Saturday approved a series of development projects worth over Rs110 billion aimed at bolstering Pakistan’s infrastructure and enhancing resilience against climate change, just days before the government’s constitutional term is about to end. An official announcement said the committee considered and approved the Punjab Government’s مزید پڑھیں

Amidst mounting economic pressures, the masses find themselves grappling with yet another burden as the government on Tuesday decided to jack up petrol prices by a staggering Rs19.95 per litre and diesel price by Rs19.90 per litre for the next fortnight. The decision was announced by Finance Minister Ishaq Dar during a live broadcast, citing مزید پڑھیں

Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index jumped past the 48,000 mark, a 24-month high, on Monday as analysts expect the positive sentiment to continue in the coming days. Bulls took over the market after Pakistan’s deal with the International Monetary Fund (IMF), and later, news on the country’s mineral sector strengthened the gains further. مزید پڑھیں

The State Bank of Pakistan (SBP) has decided to keep the interest rate unchanged at 22 percent. Addressing a press conference after convening Monetary Policy Committee (MPC) meeting in the port city on Monday, SBP Governor Jameel Ahmad said that the mark-up rate will remain unchanged for the next two months. He said that the مزید پڑھیں

The total liquid foreign reserves of Pakistan stood at US$13,534.1 million while reserves held by the central bank reached $8,186.1 million. The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by US$ 541 million to US$ 8,186.1 million mainly due to external debt repayments during the week مزید پڑھیں