Tag: economic news
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State Bank of Pakistan cuts policy rate to 20.5%
The State Bank of Pakistan (SBP) has reduced its key policy rate by 150 basis points to 20.5 per cent, marking the first rate cut in nearly four years.
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Gold rates in Pakistan edge closer to historic high
The price of domestic gold is swiftly climbing, inching closer to its historic peak, with 24-karat gold now standing at Rs238,900 per tola, marking an increase of Rs1,800 in a single day.
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Suzuki Swift GLX CVT now priced above Rs5.4 million
Pak Suzuki Motor Company Limited (PSMC) announced a substantial increase of Rs304,000 in the price of its Swift G. CVT model, effective from March 8, 2024.
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Pakistan’s next Finance Minister: Who is Muhammad Aurangzeb?
In a significant development, sources have revealed that Muhammad Aurangzeb, a distinguished banker, is poised to become the country’s next finance minister under the newly-elected Prime Minister Shehbaz Sharif. This comes as part of the impending formation of the federal cabinet.
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Pak Suzuki hikes prices, Cultus AGS now priced above Rs4.5 million
In response to inflationary pressures and rising overhead costs, Pak Suzuki has announced a significant hike in car prices, impacting models across the range.
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Gold prices dip by $8 internationally, Rs1,200 locally
In a significant development in the precious metals market, the per-tola price of 24 karat gold experienced a notable decline, dropping by Rs1,200 on Saturday.
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Gold prices in Pakistan remain unaffected by political uncertainties
Despite political uncertainties, the domestic bullion market exhibited stability, with 24-karat gold maintaining its price at Rs215,500 on Friday, showing no deviation from the previous session.
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OGRA approves massive gas tariff hike for SNGPL, SSGC consumers
In a move to address the fiscal challenges faced by Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC), the Oil and Gas Regulatory Authority (OGRA) has granted approval for a noteworthy increase in gas tariffs.`
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Pakistan’s exports surpass Rs4,300 billion, up by 35.33% in six months
The Pakistan Bureau of Statistics (PBS) has reported a substantial increase of 35.33 per cent in the country’s exports in rupee terms during the first half of the current fiscal year, as compared to the corresponding period of the previous year.
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Gold price drops by Rs2,000 per tola to Rs215,300
On Wednesday, the domestic bullion market experienced a notable decline, influenced by a drop in international prices.