Stories from Salman Siddiqui
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Current account surplus soars
Positive balance of $382m comes following receipt of higher workers’ remittances
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SBP projects modest growth
Forecasts Covid-hit national economy will expand 1.5-2.5% in FY21
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PSX sets up debt securities platform
Aims to extend investment opportunities for traders at bourse
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FDI hits 10-month high
Inflows came in at $317.4m in October against $126.5m last year
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Sugar mills begin production
New stock likely to help bring down sugar prices and tame inflation in the country
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Remittances remain above $2b
Country receives $2.28b in Oct 2020 compared to $2b in same month of 2019
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Foreign reserves likely to increase by $1.5b
Report sees support from improvement in remittances, exports
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Gold price dips Rs2,500 on vaccine hopes
Plunges to 10-day low at Rs112,100 in line with downward trend in global market
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Rupee becomes 3rd best Asian currency
Strengthens to 8-month high of Rs158.91 against dollar
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State Bank set to launch micropayment gateway
It will allow govt entities, merchants and consumers to make swift digital payments