Business News | PSX | News Updates from Pakistan Economy

SBP hikes policy rate by 150bps to 13.75pc to 'anchor inflation, contain risks'

The State Bank of Pakistan (SBP) hiked the benchmark policy rate by 150 basis points to 13.75 per cent on Monday to "keep inflation expectations anchored and contain risks to external stability".

May 23, 2022
Published in Business

Rupee continues to drop against US dollar in interbank market

US Dollar’s rate is continuously rising as compared to Pakistani Rupee and has risen by Rs1.06 in the Interbank on Monday.

May 23, 2022
Published in Business

Oil climbs in tight market as US driving season looms

Oil prices rose in early trade on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about…

May 23, 2022
Published in Business

Inflation rises with 1.42 pc gain

Inflation rose further to 1.42% weekly across the country. According to the statistics, during one week, live chicken became more expensive at Rs 28.26 per kg, lentils at Rs 14.88, gram lentils at Rs 6.54…

May 21, 2022
Published in Business

Electricity price increase by Rs. 4.5

The National Electric Power Regulatory Authority (NEPRA) will hold the hearing on petition to increase the price of electricity in the context of April’s monthly fuel adjustment on May 31. While an increase of Rs.…

May 20, 2022
Published in Business

Gold Price in Pakistan Today

The price of 24 karat per tola gold witnessed a decrease of Rs50 and was sold at Rs 138,350 on Thursday against its sale at Rs138,400 in the local market.

May 20, 2022
Published in Business

Dollar out of control, crosses Rs200 in open market

Enduring the rough patch amid weakening macros has kept the dollar demand elevated as the Pakistani rupee (PKR) has lost 1.61 rupees in early trade.

May 19, 2022
Published in Business

Pakistan, IMF start talks for release of funds as economy falters

Pakistan has started talks with the International Monetary Fund (IMF) in Doha to strike a staff-level agreement for the release of a $1 billion tranche under the Extended Fund Facility (EFF), the Ministry of Finance…

May 18, 2022
Published in Business

Rupee touches 200 against US dollar in open market

The Pakistani rupee touched a critical threshold of 200 in the open market against the US dollar during intraday trading after shedding Rs2 on Wednesday.

May 18, 2022
Published in Business

Pakistan and IMF to meet over release of funds as economy falters

The International Monetary Fund will begin talks with Pakistani officials on Wednesday over the release of crucial funds. Pakistan has repeatedly sought international support for its economy, which has been hit by crippling national debt,…

May 18, 2022
Published in Business

Pakistani Rupee trumbles down as dollar reaches 196

Pakistani rupee continued to tumble against the US dollar, breaching yet another important threshold of 196 the interbank market to hit its weakest level on Tuesday.

May 17, 2022
Published in Business

Asian stocks up after Wall Street dip on China's Covid-bruised data

Asian stocks rose Tuesday despite a lukewarm lead from Wall Street after weak Chinese economic data showed the deep cuts of Beijing’s zero-Covid policy and added to inflation worries.

May 17, 2022
Published in Business

Oil prices drop on profit-taking, supply fears linger

Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban…

May 16, 2022
Published in Business

Govt is trying to stabilise rupee

As the Pakistani rupee continued its downward streak against the greenback, Finance Minister Miftah Ismail on Saturday vowed that the government would take all possible measures to stabilise the local unit and the foreign currency…

May 15, 2022
Published in Business

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