Stories from Salman Siddiqui
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Pakistan’s gold balloon bursts
Falls to Rs196,000, a drop of Rs14,500 from record high of Rs210,500
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State minister opposes supply of subsidised gas
Gas being provided at 70 cents per mmbtu to fertiliser manufacturers
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Corporates blamed for climate crisis
Climate change minister urges corporates to help steer country out of crisis
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Fitch downgrades Pakistan
New rating indicates country is managing high risk of default on its foreign debt
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Remittances hit new low at $1.89b
Inflows through official channels slip below the $2b mark in Jan
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Remittances hit 32-month low at $1.89b in January
The remittances dropped 11% to $16 billion during the first seven months of current fiscal year
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Morgan Stanley reclassifies Pakistani stocks
Announces three major changes in its quarterly review
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Moody’s casts uncertainty over loan
Says Pakistan’s government liquidity and external vulnerability risks are elevated
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‘Scores of complaints lodged against top 5 banks’
Ombudsman says justice is delayed in one of five cases due to unresponsive attitude of banks
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Pakistan's foreign exchange reserves fall below $3b
The low forex reserves, currently at a nine-year low, raise the risk of default on foreign debt repayment