Gold prices in Pakistan witnessed a notable surge on Thursday, with the value of 24-karat gold increasing by Rs. 1,400 per tola. This rise brought the price to Rs. 274,000, up from Rs. 272,600 the previous day
Category: Business
Pakistan’s Foreign Exchange Reserves Decline: A Closer Look at the $261 Million Drop
In a recent report by the State Bank of Pakistan (SBP), the country’s foreign exchange reserves have experienced a notable decline, raising concerns about the economic stability of the nation.
US holiday retail sales surge 3.8%, exceeding expectations.
US retail sales during the holiday season, spanning Nov. 1 to Dec. 24, rose by 3.8%, surpassing the 3.1% growth from the previous year and […]
China revises 2023 GDP upward by 2.7%, eyes stimulus for 2025 growth.
China has revised its 2023 gross domestic product (GDP) upward by 2.7%, adding 3.4 trillion yuan ($17.73 trillion), according to the National Bureau of Statistics […]
India economy to grow at 6.5% amid global uncertainties.
India’s economy is projected to grow at around 6.5% in fiscal year 2024/25, leaning toward the lower end of the government’s 6.5%-7% forecast due to […]
Turkey central bank lowers interest rate after nearly two years.
Turkey’s central bank has reduced its key interest rate for the first time in nearly two years, aiming to address persistent double-digit inflation. The monetary […]
OGDCL Restarts Daris West 2 Well with Enhanced Oil, Gas, and LPG Production
The Oil and Gas Development Company Limited (OGDCL) has successfully resumed operations at the Daris West 2 well, marking a significant milestone in Pakistan’s energy sector
Pakistan’s Foreign Loans: A Deep Dive into the Decline in External Funding
Pakistan’s economy has faced a significant downturn in foreign loans and funding from July to November of the current fiscal year, highlighting the growing challenges in managing the country’s financial needs
Non-Textile Exports Surge by 17.6%: A Milestone for Economic Growth
The first four months of the current fiscal year have brought promising news for the country’s economy, as non-textile exports witnessed a significant increase of 17.6%.