Mumbai: India’s foreign exchange reserves fell for the fifth straight week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India (RBI) showed on Friday. Reserves decreased by $5.7 billion in the aforementioned week, after declining by a cumulative amount of $17.8 billion in the previous three … Read more
The Pakistan Stock Exchange (PSX) continued its decline on Thursday, with the benchmark KSE-100 index losing 4,795.32 points, or 4.3%, to fall to 106,274.97 at the closing bell. The decline came on the heels of Wednesday’s historic loss of 3,790 points, as selling pressure gripped key sectors such as chemicals, commercial banks, power generation and … Read more
Sazgar Engineering Works Limited reported a 41.7% decline in four-wheeler sales and a 1.5% drop in production in November 2024, while three-wheeler sales fell by 17.7% and production fell by 14.6% compared to October, according to the company’s filing with B. sx today. In the three-wheeler category, production in November reached 2,152 units, down from … Read more
The federal government’s total debt stock fell by Rs456 billion in October 2024, driven by record profit remittances from the State Bank of Pakistan (SBP) and continued debt servicing. According to data released by the State Bank of Pakistan, total debt stood at 69.114 trillion rupees at the end of October, down from 69.570 trillion … Read more
Rescue efforts are underway near the accident site in Great Britain on November 12, 2024. — Reporter In an unfortunate incident, at least 14 people drowned after an ill-fated bus carrying wedding guests fell into the Indus River in Gilgit-Baltistan on Tuesday. According to Astori Deputy Commissioner Mohamed Tariq: “14 bodies were recovered from the … Read more
A worker bends over as he carries packages of textiles on his back to deliver them to a nearby shop at a market in Karachi on June 24, 2022. – Reuters Government domestic debt rose to Rs47.536 trillion in Q1FY25. External debt rose to Rs 22.034 trillion during the July-September period. The total external debt … Read more
Pakistan’s total liquid foreign reserves fell to $15.93 billion as of November 1, 2024, representing a decline from the previous week’s $16.05 billion, according to recent data released by the State Bank of Pakistan (SBP). The latest figures show that the State Bank of Pakistan holds $11.17 billion of the total, while commercial banks hold … Read more
Power generation in Pakistan fell to 12,487 GWh in September 2024, representing a 6% decline year-on-year compared to 13,339 GWh produced in the same month last year. On a monthly basis, power generation fell 5.3% from August’s total of 13,179 GWh. Experts attributed the decrease in production to weak economic conditions, as well as an … Read more