Inflation likely to increase: The Ministry of Finance has released the yearly profitable outlook report. Daily Jang quoted the report as saying that remittances, exports, significances, earnings, non-tax income have increased, while financial deficiency and affectation have dropped, while the State Bank’s reserves have increased. The report states that the affectation rate in March is … Read more
Dollar outflow: Profit and tip exoduses on foreign investments more than doubled during the first eight months of the current financial time. The media report quoted data from the State Bank of Pakistan as saying that profit exoduses increased by 103.94 percent to 1.55 billion during July-February of FY25, compared to 760 million in the … Read more
Increase in interest rates: The Central Directorate of National Savings has increased the rate of return on national savings schemes. According to the new rate, the return on short-term savings certificates has increased from 10.81 percent to 10.96 percent, while the rate on defense savings certificates has reached 12.15 percent. Similarly, the rate on Behbood … Read more
Gold price: The trend of setting new records in global and local gold prices continued even today. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per told in the country increased by Rs 1,650 to reach a record high of Rs 319,000. The price of 10 grams of gold … Read more
Prime Minister: The estimated fiscal impact of maintaining current oil prices is about Rs168 billion, which will help reduce the price of electricity by Rs1.30 per unit. The IMF has approved this relief for the government, which has recognized the decision to maintain oil prices for 3 months and if global prices decrease further, its … Read more
Slight decline: In the nation, the price of gold per tola dropped by Rs 300 to Rs 313,700. Ten grams of gold cost Rs 268,947, a decrease of Rs 257. In contrast, gold’s price dropped $4 to $2,984 per ounce on the international market.
Inflation increases: During the second week of Ramadan, the country’s inflation rate rose by 0.22 percent, making 12 necessities more costly. For example, the price of tomatoes went up by Rs 22 and the price of sugar by Rs 9 per kilogram. The Bureau of Statistics reports that although the annual inflation rate was … Read more
Sharp decline: The US stock market has experienced a precipitous drop. The Nasdaq Composite Index saw its largest drop since September 2022, while the S&P and Nasdaq suffered their worst day of the year, according to statistics. A 4 percent fall was registered by the Nasdaq index, while the Dow Jones and S&P plummeted more … Read more
