KARACHI: The exchange rate ended unchanged on Thursday, as the dollar maintained the record high level of Rs177.98, which was the previous day’s closing at the interbank foreign exchange market, dealers said. They said the market witnessed high dollar demand for import and corporate payments; however, the banks provided sufficient dollars against the demand to … Read more
KARACHI: The rupee witnessed an unabated free-fall for the last several months, as the dollar hit a new record high of Rs177.98 at the closing on the interbank foreign exchange market on Wednesday, amid the monetary tightening announced a day ago. The exchange rate witnessed a decline of 10 paisas in the rupee value against … Read more
KARACHI: The rupee ended flat against the dollar on Tuesday ahead of the monetary policy announcement scheduled for today, December 14, 2021, dealers said. The exchange rate ended at Rs177.88 against the dollar from the previous day’s closing of Rs177.89 in the interbank foreign exchange market. The dealers said the market participants were anticipating a … Read more
ISLAMABAD: The next general elections due in 2023 will be held on the delimitation of the constituencies to be made on the basis of digital census being conducted across the country. The digital census for which spadework is almost complete is likely be completed by the end of 2022 and Pakistan Bureau of Statistics will … Read more
KARACHI: No letup was witnessed in the rupee free-fall, as the dollar jumped to new record high of Rs177.61 on Thursday in the interbank foreign exchange market, dealers said. They said the rupee deteriorated due to the expected large deficit of the current account and rising dollar demand for import payments. The exchange rate witnessed … Read more
KARACHI: The dollar recorded another high of Rs177.43 against the rupee at the closing of interbank foreign exchange market on Wednesday. The large import bill remained a major threat to the rupee stability, currency dealers said. The exchange rate witnessed a loss of 64 paisas in the rupee value against the dollar from the previous … Read more
KARACHI: The Pakistani rupee plunged to a historic low, as the dollar crossed Rs177 at midday in the interbank exchange market on Wednesday. The local currency declined 56 paisas against the greenback, which is being traded at the historic high of Rs177.35 at midday. The exchange market closed at the historic low of Rs176.79 on … Read more
KARACHI: The dollar jumped to the new historic high of Rs176.79 on Tuesday, as Saudi fund deposits failed to leave any positive impact despite expectations. The exchange rate witnessed a decline of 31 paisas to end at Rs176.79 against the dollar from the previous day’s closing of Rs176.48 in the interbank foreign exchange market. Previously, … Read more
KARACHI: The rupee recovered 29 paisas against the dollar on Monday after a deposit of $3 billion to the State Bank of Pakistan (SBP) by Saudi Development Fund (SDF), dealers said. The exchange rate ended at Rs176.48 against the dollar from last Friday’s closing of Rs176.77, which was a historic low of the local unit, … Read more
ISLAMABAD: Football exports swelled 17.22 per cent during the first four months of the fiscal year 2021/22, compared with the exports during the corresponding period of the previous year, the latest data released by the Pakistan Bureau of Statistics (PBS) revealed. During the period from July-October 2021, footballs worth $50,148 were exported, compared with the … Read more
ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation for the week ended December 2, 2021 for the combined consumption group, witnessed a decrease of 0.48 per cent, compared with the previous week, the Pakistan Bureau of Statistics (PBS) reported. The SPI for the week under review in the abovementioned group was recorded at 167.36 points against … Read more
KARACHI: The import bill of Pakistan recorded a hike in November, 2021, as the country witnessed a growth of more than 82 per cent in imports on a year-on-year basis. According to data released by the Pakistan Bureau of Statistics (PBS), the imports for November 2021, reached $7.8 billion, compared with $4.3 billion in the … Read more
KARACHI: The dollar recorded a new high of Rs176.77 against the Pakistani rupee at the interbank foreign exchange market on Friday. The dollar made fresh high as against the last day closing of Rs176.42, which was the previous record high of the greenback. The dealers said that the rupee deteriorated further because of escalation in … Read more
KARACHI: Prices of 20 essential items have been increased in the Sensitive Price Indicator (SPI) update, stated the Pakistan Bureau of Statistics (PBS) on Friday in a weekly inflationary number. The prices of pulses and eggs have increased this week, said the PBS weekly report. Overall the collective inflation increase is 0.67 percent this week. … Read more
ISLAMABAD: The exports of sports goods witnessed an increase of 20.73 percent during the first four months of the current financial year (2021-22) as compared to the exports of the corresponding period of last year. Pakistan exported sports goods worth $105.120 million during July-October (2021-22) against the exports of $87.070 million during July-October (2020-21), showing … Read more
ISLAMABAD: The Pakistan Bureau of Statistics (PBS) said on Monday that the exports of fruits from the country have amplified by 21.29 percent during the first four months of the current fiscal year in comparison to the last year. According to the data by the Pakistan Bureau of Statistics (PBS), the exports of fruits during … Read more
KARACHI: The prices of food commodities continue to rise, as Pakistan records its worst food inflation in recent times. Rupee depreciation, rising trade deficit and the hike in petroleum products prices make it difficult to make ends meet for the common man. The essential food items get dearer, as there is no sign of relief … Read more
ISLAMABAD: The leather exports witnessed an increase of 5.99 percent during the first three months of the current financial year (2021/22), compared with the exports of the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported. Pakistan’s exported leather worth $154.457 million during July-September 2021/22 against the exports of $145.733 million … Read more
KARACHI: The headline inflation for September 2021 is likely to increase 8.27 per cent, compared with 9.04 per cent in August 2021 and 8.35 per cent in September 2020. Analysts at Arif Habib Limited estimated the Consumer Price Index (CPI) based on the Sensitive Price Indicator (SPI) data published by the Pakistan Bureau of Statistics … Read more
Footwear exports from the country upsurge by 23.72% throughout the initial two months of the Fiscal Year 2021-22 against a similar period of the earlier year. Footwear exports increase to US$26.787M in July-August (2021-22) linked to the export of $21.65M throughout a similar period of the prior year. As per the new data released by … Read more
ISLAMABAD: Pakistan earned $195.990 million by providing different information technology (IT) services in various countries during the first month of the current financial year 2021/22. This shows a growth of 20.22 per cent, compared with $163.020 million earned through the provision of services during the corresponding period of the last fiscal year 2020/21, according to … Read more
Cutlery’s export of the country have seen a rise of 1.95% throughout the first two months of the FY 2021-22 as compared to the corresponding period of the previous year. The country exported cutlery worth the US $18.804 million during July-August (2021-22) against the exports of US $18.445 million during July-August (2020-21), showing growth of … Read more
KARACHI: Pakistan’s current account deficit has widened to $2.29 billion during the first two months of the current fiscal year, according to the statistics released by the State Bank of Pakistan (SBP) on Friday. The balance of payments has posted a surplus of $838 million in the same months of the last fiscal year. The … Read more
KARACHI: The rupee weakened 32 paisas against the dollar on Monday, owing to higher demand for the foreign currency; following a record trade deficit in August 2021, dealers said. The exchange rate ended at Rs167.23 against the dollar from last Friday’s closing of Rs166.91 in the interbank foreign exchange market. The currency dealers said the … Read more
KARACHI: The imports of used and old cars registered a massive growth of 153 per cent in July 2021 over the same month of the last year. According to the data released by the Pakistan Bureau of Statistics (PBS) on Friday, the imports of old and used cars increased to $33.03 million in July 2021, … Read more
ISLAMABAD: Pakistan’s services trade deficit contracted 43.45 per cent during the fiscal year 2020/21, compared with the corresponding period of 2019/20, the data released by the Pakistan Bureau of Statistics (PBS) revealed. The services trade deficit during July-June 2020/21 was recorded at $1.875 billion against the deficit of $3.315 billion in July-June 2019/20, showing a … Read more
ISLAMABAD: The cement exports witnessed an increase of 3.26 per cent during the fiscal year 2020/21 against the exports of the corresponding period of the last year, according to the latest figures released by the Pakistan Bureau of Statistics (PBS) on Monday. The cement exports were recorded at $267.910 million during July-June 2020/21 against the … Read more
ISLAMABAD: Prices of various food items witnessed a declining trend during the week ended July 29, 202, compared with the previous week, according to the Sensitive Price Indicator (SPI) data released by the Pakistan Bureau of Statistics (PBS) on Friday. Prices of chicken slid 18.35 per cent, whereas the price of bananas declined 1.32 per … Read more
