Tag: political uncertainty
-
Moody’s upgrades Pakistan’s credit rating to Caa2, citing improved economic stability
Moody’s Investors Service has upgraded Pakistan’s long-term issuer rating from “Caa3” to “Caa2” with a stable outlook, reflecting a moderate improvement in the country’s macroeconomic conditions and external financial position.
-
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.
-
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.
-
Pakistan navigates economic turbulence in 2023: A year of challenges and resilience
2023 posed significant challenges for Pakistan’s economy, characterised by a sharp slowdown, escalating inflation, and a near-default situation.
-
Gold price increases by Rs6,200 to Rs221,000 per tola
On Tuesday, the gold price in Pakistan experienced a significant increase, aligning with the international market trends and the depreciation of the Pakistani rupee.
-
Gold price increases to Rs209,000 per tola amid depreciation of Pakistani rupee
As per the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold rose by Rs800 per tola and Rs686 per 10 grammes, reaching Rs209,000 and Rs179,184 respectively.
-
Fourth consecutive decline: Gold price drops by Rs1,800 to Rs218,700 per tola
In line with the reduction in international rates, the per tola gold price in Pakistan experienced a significant decline of Rs1,800 on Wednesday. This marks the fourth consecutive day of falling prices for the precious metal. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) released data indicating that the price of 24-carat gold decreased by…
-
Pakistani rupee falls to historic low of Rs288.43 against dollar
On Wednesday, the Pakistani rupee (PKR) reached a new record low, falling to Rs288.43 against the US dollar in the interbank market.
-
Ishaq Dar cancels trip to the US for IMF and World Bank spring meetings
The Finance Minister, Ishaq Dar, has cancelled his scheduled trip to the United States next week to meet with the International Monetary Fund (IMF) and World Bank. The reason cited for the pull-out is the “domestic state of affairs” in the country, as the deepening political uncertainty has made it difficult for Dar to attend…