KARACHI: Acting Consul General of Indonesia in Karachi Teguh Wiweko has said that despite global challenges, bilateral trade between Indonesia and Pakistan reached an impressive $3.34 billion in 2023 and recorded a remarkable growth of 69.99% in the first quarter of 2024. Responding to remarks made by Hyderabad Chamber of Small Traders and Small Industry … Read more
KARACHI: Gold spiked Rs2,500 and settled at a new all-time high of Rs260,200 per tola (11.66 grams) on Saturday on the back of strong demand for the precious metal in global markets over likely depreciation of some of the world’s currencies and potential reduction in the US interest rate next month. According to the All … Read more
The central government’s debt increased by Rs8.07 trillion, or 13%, during the last fiscal year 2023-24, reaching a total of Rs68.9 trillion by the end of June 2024, according to data from the State Bank of Pakistan (SBP). The debt stock rose by 1.7% in just one month, up from Rs67.73 trillion at the end … Read more
ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis report … Read more
The trade deficit in services widened by 122% to $2.31 billion in the previous fiscal year 2023-24, up from $1.04 billion in FY2022-24, according to data released by the Pakistan Bureau of Statistics. In June alone, the trade deficit in services surged by 168% to $414.99 million, compared to $154.7 million in the same month … Read more
KARACHI: Gold surged to a new all-time high of Rs257,300 per tola (11.66 grams) in Pakistan on Friday, driven by weaker US employment data and escalating political tensions in the Middle East. According to the All Pakistan Sarafa Gems and Jewellers Association, the precious metal jumped Rs2,400/ tola in a single day, marking a cumulative … Read more