Introduction For the third consecutive fortnight, the prices of major petroleum products—petrol and high-speed diesel (HSD)—are anticipated to decrease by approximately Rs5-6 per litre. This reduction is primarily attributed to the declining international market rates for the fortnight commencing September 1. International Market Influences Informed sources have indicated that the prices of petrol and HSD have fallen in the international …
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US Dollar Continues to Climb in Interbank Market, Reaches Rs278.60
The US dollar maintained its upward momentum in the interbank market on Thursday, increasing by eight paisas and bringing its value to Rs278.60. This rise follows a similar increase on Wednesday when the dollar gained 11 paisas, reaching Rs278.45. The recent surge in the dollar’s value is attributed to the continued delay in the approval of Pakistan’s much-anticipated $7 billion …
Read More »Pakistani Rupee Continues to Strengthen Against US Dollar in Open Market
The Pakistani rupee maintained its positive momentum against the US dollar in the open market, narrowing the gap with the inter-bank rate. This convergence is considered a significant benchmark of the International Monetary Fund’s (IMF) Stand-By Arrangement (SBA). According to reports from currency dealers, the rupee was being quoted at 305 for selling and 302 for buying in the open …
Read More »US Dollar Hits New High Against Pakistani Rupee, Trading at 334 in Open Market
The US dollar’s ascent against the Pakistani rupee persists, reaching new heights in the open market. During Monday’s trading, the dollar was quoted at 334.5 for selling and 331.5 for buying, marking an increase of Rs3.5 from the previous trading session’s levels of 331 and 328, according to dealers reached by Business Recorder. However, the Exchange Companies Association of …
Read More »Ministry of Finance Expects Easing Inflation in July 2023
Introduction: The Ministry of Finance has released its ‘Monthly Economic Update & Outlook’ for July, providing valuable insights into the current economic landscape of the country. The report presents an optimistic outlook, forecasting a decrease in inflation for July 2023 compared to the previous month, supported by various favorable factors. Additionally, it outlines improvements in the fiscal and current account …
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