Tag: economic news
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Pakistan records $397 million current account surplus as exports, remittances increase
In December 2023, Pakistan’s current account exhibited a noteworthy surplus of $397 million, a stark departure from the $15 million deficit recorded in November, as reported by the State Bank of Pakistan (SBP) on Wednesday.
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Gold prices dip in Pakistan: 24-carat gold settles at Rs217,300 per tola
The domestic price of gold witnessed a decline, particularly impacting 24-karat gold in Pakistan, which dropped by Rs600 per tola to reach Rs217,300.
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Govt expected to slash petrol prices for second half of January
In a move aimed at providing relief to consumers, the government is expected to reduce petrol prices by more than Rs5 per litre for the second half of January.
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Pakistan imposes minimum export price on onions to tackle soaring local prices
In a move aimed at stabilising local prices, the government announced on Friday the establishment of a minimum export price for onions and shallots at $1,200 per metric ton.
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Gold price in Pakistan witnesses marginal increase of Rs200 per tola
On Thursday, the domestic market witnessed a rise in the per tola rate of 24 karat gold, with an increment of Rs200.
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Gold sees Rs1,800 per tola dip in local market
Gold continued its decline for the second consecutive session on Thursday, mirroring the international downtrend.
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Petrol, diesel price in Pakistan to remain unchanged for first two weeks of January 2024
The interim government has chosen to uphold the current petrol price in Pakistan for the initial two weeks of January 2024.
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Pakistani rupee ends 2023 with marginal gain versus US dollar
Pakistani rupee demonstrated a slight appreciation against the US dollar for the 13th consecutive session, marking a gain of 0.02 per cent in the inter-bank market on Friday.
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Gold rate drops by Rs1,900 per tola
On Friday, the gold market in Pakistan halted its previous upward trend, experiencing a decline in tandem with the global decrease in gold prices.
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Pakistani rupee gains ground against US dollar for 11th consecutive session
The Pakistani rupee sustained its upward trajectory against the US dollar for the 11th consecutive session, exhibiting a 0.06 per cent appreciation in the interbank market on Wednesday.