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Pakistani Rupee’s Value Drops Amid Debt Repayments; Gold Prices Follow Suit
The Pakistani rupee's value dropped for the third day due to looming debt repayments in June, fiscal year-end. Analysts anticipate…
Mixed Fortunes in Pakistan’s Auto Sector Amid Recovery and Decline
May 2023 brought optimism for Pakistan's auto industry as car sales experienced a monthly recovery of 19%. Nonetheless, a massive…
Gold Prices Dip in Pakistan Amid Local Currency Depreciation
Gold prices in Pakistan experienced a drop at the beginning of the week, largely driven by the local currency's depreciation…
State Bank of Pakistan Holds Policy Rate at 21%
The State Bank of Pakistan (SBP) decided to hold the policy rate steady at 21 percent for the next two…
State Bank of Pakistan to Announce Monetary Policy Rate Today
The State Bank of Pakistan (SBP) is set to announce its monetary policy rate today. In a recently released statement,…
No Further Devaluation of Pakistan Rupee Expected, Says Fitch Ratings
As Pakistan grapples with reinitiating a substantial $6.7 billion bailout program from the International Monetary Fund (IMF), Fitch Ratings, a…
Pakistan Mulls Over Iran’s Proposal for an Indian Ocean Naval Alliance
Pakistan has announced that it will consider Iran's proposal to establish an Indian Ocean Naval Alliance, which includes Bahrain, Saudi…
Finance Minister Ishaq Dar Set to Present Rs14.7 Trillion Federal Budget for FY 2023-24
Finance Minister Ishaq Dar is set to present today's federal budget for the 2023-24 fiscal year, with a proposed allocation…
Significant Salary and Pension Boost Expected in Upcoming Federal Budget 2023-24
In the impending federal fiscal year 2023-24 federal budget, the government anticipates increasing civil servants' salaries up to 30% via…