K-Electric has filed for provisional monthly fuel duty adjustment (FCA) for November 2024, proposing a waiver of Rs 4.98 per kWh for its customers. The National Electric Power Regulatory Authority (NEPRA) has scheduled a public hearing for January 15, 2025 to evaluate K-Electric’s proposal. Following the hearing, NEPRA will determine the final FCA amount that … Read more
The State Bank of Pakistan (SBP) reported that the total money supply in the economy reached 40.09 trillion rupees by November 2024. This represents a modest monthly increase of 0.39% from 39.93 trillion rupees in October and a significant increase year-on-year. By 13.95% compared to 35.18 trillion rupees in November 2023. Breaking down the money … Read more
Pakistan received external financing worth $944.2 million in November 2024, representing a 127.6% increase compared to October and a 127.0% increase from November last year. The funding consists of $937.66 million in loans and $6.54 million in grants, according to the Department of Economic Affairs’ latest report. Despite this increase, cumulative external financing during the … Read more
Auto financing in Pakistan fell to PKR 234.64 billion in November 2024, registering a decline of 0.53% month-on-month from PKR 235.88 billion recorded in October 2024, according to data released by the State Bank of Pakistan (SBP). On a yearly basis, the decline was more pronounced, with funding declining by 8.72% compared to PKR 257.05 … Read more
Riyadh: Saudi Arabia’s annual inflation rate continued to slowly accelerate, reaching 2% in November compared to 1.9% in October, according to government data released on Sunday, again driven by rising housing rents. The General Authority for Statistics said that housing rents rose by 10.8% during the month of November, with apartment rental prices rising by … Read more
ISLAMABAD: Car sales during the first five months of fiscal year 2024-25 rose by 49.66 percent compared to the same period last year, according to data released by the Pakistan Automotive Manufacturing Association (PAMA). The data shows that 38,534 cars were sold during July-November 2024-25, up from 25,746 units in the corresponding months of 2023-24. … 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
IslamabadCement sales in Pakistan rose by 5.58% in November 2024, with total despatches reaching 4.146 million tons compared to 3.927 million tons during the same month last fiscal year, according to the All Pakistan Cement Manufacturers Association (APCMA). Growth was supported by steady domestic sales and a strong rise in exports. Domestic cement sales witnessed … Read more
IslamabadPakistan’s trade deficit significantly shrank by 18.60% year-on-year in November 2024, falling to $1.589 billion from $1.952 billion recorded in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS). Pakistan’s exports rose 8.98% year-on-year, to $2.804 billion in November 2024 from $2.573 billion in November 2023. Imports fell … 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.