Washington: US consumer price inflation rose for a third straight month in December as energy prices rose, according to government data published on Wednesday, increasing pressure on the Federal Reserve to halt interest rate cuts. The Labor Department said in a statement that the consumer price index accelerated to 2.9 percent last month compared to … Read more
Flows via Roshan Digital Account (RDA) rose to $203 million in December 2024, representing a 9% increase from $186 million recorded in November, according to data released by the State Bank of Pakistan (SBP) on Saturday. Of the total inflows in December, $13 million was repatriated, while $113 million was used domestically. Net repatriable liabilities … Read more
ISLAMABAD: Pakistan’s cement shipments witnessed a mixed trend in December 2024, with domestic despatches declining by 4.76% while exports rose significantly. Data from the All Pakistan Cement Manufacturers Association (APCMA) revealed that domestic despatch stood at 3.370 million tons in December 2024, down from 3.539 million tons in December 2023. In contrast, exports rose by … Read more
Pakistan’s monthly imports of goods reached $5.2 billion in December 2024, the highest figure in two years and an increase of $800 million compared to November 2024’s $4.4 billion. This recovery comes after a decline to $4.5 billion in December 2023, reflecting renewed momentum in trade flows and regional partnerships. Imports from Iran saw a … Read more
Prime Minister Shehbaz Sharif on Wednesday praised Pakistan’s ability to achieve economic stability and achieve fiscal targets despite ongoing political turmoil and attempts at destabilization. Addressing the Federal Cabinet meeting, the Prime Minister highlighted important milestones in resource mobilization, trade efficiency, and anti-smuggling efforts. Prime Minister Shehbaz said: “The protests tried to derail the economy, … Read more
Gold prices in Pakistan fluctuate frequently based on international market trends. The prices mentioned are provided by local gold markets and Sarfa markets in various cities.\
The Federal Board of Revenue (FBR) is facing a steep shortfall of Rs 1 trillion to meet its tax collection target of Rs 6.009 trillion for the July-December period, a key condition under Pakistan’s agreement with the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb expressed hope during a press conference on Thursday that the … Read more
The State Bank of Pakistan (SBP) reminded the public that December 31, 2024 represents the final deadline for redemption, encashment or transfer of National Prize Bonds worth Rs. 7500 rupees. 15,000 rupees. 25,000 and Rs. 40,000 denominations. “No applications will be accepted after this date,” according to the official WhatsApp channel of SBP. This is … Read more
Gold prices in Pakistan fluctuate frequently based on international market trends. Prices listed are provided by local gold markets and exchange markets in different cities.
The KSE-100, the benchmark index of the Pakistan Stock Exchange (PSX), is expected to continue its upward trajectory in calendar year 2025 (CY25), with an expected return of 55.5% (49% in USD), driven by lower interest rates and improving macroeconomic stability. , according to a report by AKD Securities. The index is expected to reach … Read more