In contrast, silver prices remained stable in Pakistan, with no change in the price per tola, which stayed at Rs3,050. Similarly, the price for 10 grams of silver remained unchanged at Rs2,614.88. In the international bullion market, the price of gold surged by $16 per ounce, bringing the new global rate to $2,656 per ounce. Yesterday, the price of gold per tola surged by Rs2,700, reaching R
The economic freedom is the freedom available to the private citizens of a country to undertake businesses, and freedom to grow these businesses, including freedom to do trade domestically and internationally. While apparently we have this freedom (you can register a new business in a single day today, register with the Federal Board of Revenue (FBR) and open a bank account in a week and be in
The recent trends in economic activity, particularly the inflation rate, inspire optimism about Pakistan's economic conditions. The inflation rate has dropped to its lowest level in nearly four years, while the trade deficit remains stable at around $5.4 billion in the first quarter of the fiscal year. Exports, standing at $5 billion, have increased by almost 15%, and imports have risen by 7% in t
Recently, the one-year Treasury-Bill (T-Bill) and three-year Pakistan Investment Bond (PIB) rates have been trading near 13% and 12%, respectively. Quantitative analysis shows that the fall in yields during this fiscal year is due to increased demand for fixed-income securities, leading to capital appreciation. Investors have enjoyed returns beyond the agreed coupon rates, with some realising annu
Following approval of the $7 billion Extended Fund Facility (EFF) by the International Monetary Fund (IMF), Pakistan has received the first tranche amounting to $1 billion. Immediately thereafter, the exchange value of the rupee registered an uptick, as the IMF loan will also make it easier to borrow both multilaterally and bilaterally. According to the fund, the new three-year credit programme