Tag: Economic Trends
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Weekly inflation inches down, yearly SPI surges
The Weekly Sensitive Price Indicator (SPI) for the Combined Group saw a slight dip of 0.09 per cent week over week (WoW) for the week ending March 28, 2024.
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Pakistan’s forex reserves dip by $173 million, SBP cites debt repayments
The State Bank of Pakistan (SBP) has reported a decrease of $173 million in its foreign exchange reserves on a weekly basis, revealing a total of $8.04 billion as of February 2, according to data released on Thursday.
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Reversal trend: Gold price settles at Rs216,100 per tola, erasing recent upsurge
The price of 24-karat gold in Pakistan experienced a notable decline, dropping by Rs300 per tola to reach Rs216,100.
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Gold prices in Pakistan kick off 2024 with decline, hitting Rs219,700 per tola
On the inaugural day of 2024, gold prices experienced a downturn in Pakistan.
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Second consecutive decline: Gold price drops by Rs900 per tola in Pakistani markets
Gold sustained its downward trend for the second consecutive session on Saturday, experiencing a decline of Rs900 per tola in the Pakistani gold market.
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Gold price in Pakistan registers Rs2,200 per tola single-day surge
On Thursday, the price of gold in Pakistan once again saw an upward trend, mirroring the global surge in rates.
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PSX faces record single-day plunge, shedding 2,534 points
On Tuesday, Pakistan Stock Exchange’s (PSX) KSE-100 index experienced a significant downturn, plummeting by 2,534 points, or 4.11 per cent, culminating in a closure at 59,171—a record for the largest single-day drop in absolute points.
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Weekly inflation in Pakistan remains above 40% for sixth consecutive week
In the week concluding on December 21, weekly inflation exhibited a marginal easing but peRsisted above 40 per cent for the sixth consecutive week.
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Gold price in Pakistan dips to Rs218,000 per tola
In a reversal of its recent upward trend, the price of gold in Pakistan saw a decline on Thursday, with the value of 24-karat gold dropping by Rs500 per tola and settling at Rs218,000.
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Gold price surges to Rs218,500 per tola amid global uptick
Pakistan has witnessed a consistent upward trend for the third consecutive week, culminating in a settling price of Rs218,500 per tola.