The Pakistani rupee saw significant improvement against the US dollar, appreciating 0.07% in the inter-bank market on Tuesday. At 10:15am, the local currency was hovering at 280.80, up by Re0.21 against the US dollar, according to the State Bank of Pakistan (SBP). The local unit closed at 281.01 on Monday. The Monetary Policy Committee (MPC) of the SBP on Monday decided to keep the policy ra
Gold prices in Pakistan declined on Monday, mirroring the downward trend in the international market, where bullion slipped below the $4,000 per ounce mark amid signs of easing US-China trade tensions and caution ahead of the US Federal Reserve's interest rate decision this week. According to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per t
Chinese investors have complained about the lack of ease of doing business and the bureaucratic hurdles. Sources told The Express Tribune that those issues were raised by the Chinese investors and the ambassador during recent meetings with the special assistant to the prime minister (SAPM). They voiced concern over high utility bills, calling them an obstacle to investment in Pakistan. The o
The government on Monday predicted that the inflation barometer would rise to 6% in the current month due to floods and closure of Pak-Afghan border, the two temporary factors that the central bank also cited to keep its policy rate unchanged. Flood-related supply disruptions and temporary border closures have put upward pressure on prices of a few essential commodities and inflation is expecte
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