Currency dealers in the banking market have reported a sharp 50 per cent decline in dollar sales by money changers this month, amid concerns that the grey market has re-emerged, buying dollars at higher prices. Dealers indicated that while remittance inflows remain unaffected, with July witnessing $3.2 billion in transfers, the drop in open market sales could destabilise the exchange rate. M
The Pakistan Cotton Ginners Association (PCGA) has initiated a crackdown on the mixing of low-grade cotton with higher-quality lint, a practice that has been damaging the overall quality of Pakistan’s cotton. The move is aimed at improving cotton quality and boosting exports, with an emphasis on ensuring fair practices in the ginning process. This initiative, which marks a first in the count
Finance Minister Muhammad Aurangzeb on Saturday acknowledged that the country’s banking system was more complex than those of other countries, underscoring the need for a decisive transition toward blockchain technology and digital assets. Mr Aurangzeb expressed surprise at the absence of Bilal Bin Saqib, special assistant to the prime minister on blockchain and cryptocurrency, from the ‘Lead
After over a year of price stability driven by declining interest rates and encouraging economic indicators, consumers are now facing rising prices for wheat and related products. The wheat crop, although harvested in March, came in below expectations, contributing to growing concerns. Traders warn that wheat consumption in the livestock and poultry sectors has added to the supply pressure, as
Pakistan’s raw food exports saw a 10.25 per cent decline in July 2025, primarily due to a significant drop in rice shipments, marking the first downturn after 19 consecutive months of growth. Despite persistent food inflation in the country, the demand for Pakistani raw food exports weakened, largely due to shifts in global supply dynamics. Official figures from the Pakistan Bureau of Statis