Tag: Economic Updates
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Pakistan on verge of finalising $7 billion IMF loan deal, FinMin updates on progress
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Tuesday that the government is nearing the finalisation of external financing assurances, a crucial step toward securing the $7 billion loan from the International Monetary Fund (IMF).
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Petrol and diesel prices predicted to rise in February
In response to the recent surge in global oil prices, the government is anticipated to raise petrol and diesel prices by Rs11 and Rs6 per litre, respectively, for the first half of February.
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Gold prices in Pakistan rebound, surging Rs1,300 per tola
Gold prices in Pakistan rebounded significantly on Friday, overcoming a challenging trend in the preceding three sessions.
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24-karat gold price in Pakistan increases by Rs1,000 per tola
On Wednesday, the gold price in Pakistan experienced notable gains, with the 24-karat gold increasing by Rs1,000 per tola, reaching Rs220,600.
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Gold soars in Pakistani markets: Local rates surge despite stable global prices
On Tuesday, gold rates in Pakistan experienced an ascent, reaching Rs219,600 per tola in the domestic market, reflecting a gain of Rs300 throughout the day.
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Gold price in Pakistan surge with global trend, reach Rs216,500 per tola
On Friday, gold prices in Pakistan experienced a notable uptick, mirroring the global surge in rates.
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Govt’s borrowing soars to over Rs1.6 trillion in three months, marking a fivefold increase from last year
In the current fiscal year, FY24, the federal government’s net borrowing to meet its financial obligations for governing the nation amounted to Rs1.6 trillion.