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In the fast-paced world of finance, it’s essential to keep a close eye on a country’s foreign exchange reserves, as they are a vital indicator of economic stability. Recently, the State Bank of Pakistan (SBP) made headlines as its foreign exchange reserves took a hit, decreasing by $21 million in just one week. As of September 28, the reserves stood …

Petroleum Sales Plummet to 44-Month Low in Pakistan In September 2023, Pakistan witnessed a significant drop in the demand for petroleum products, reaching its lowest point in 44 months. The key drivers behind this decline include record-high fuel prices, the availability of smuggled oil from Iran, reduced furnace oil-based power generation, economic slowdown, and a decrease in automobile sales. Sales …

Pakistan’s Rice Exports to Surge: USDA Forecasts $1 Billion Increase The agricultural landscape in Pakistan is poised for a significant boost as the US Department of Agriculture (USDA) projects a remarkable 40% surge in rice exports for the current fiscal year, amounting to 4.8 million tons. This projection not only signifies a substantial increase in rice exports but also suggests …