Stories from Salman Siddiqui
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Wheat, flour prices rise by up to 10-20%
Despite no imminent shortage, item goes dearer in a matter of few days
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Remittances rise to $2.72b in Aug
Increase in manpower export helps improve inflows; rupee fails to reverse trend
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Remittance inflow increases by 8%, SBP reports
Inflows during August mainly sourced from Saudi Arabia, UAE, the UK and US
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Bank credit to private sector stands low
Financial institutions continue to make safe lending to govt
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Rupee spread widens to record
Currency selling with difference of Rs10-12 per dollar in open, inter-bank markets
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Yields on bonds spike in global markets
This indicates risk of default on international payments
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Rupee continues downward streak, inter-bank rate at Rs229.55
The currency has cumulatively dived by Rs10 (or 5%) in the past six consecutive working days
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Gold shines as dollar strengthens
Price of gold increases by Rs750 to Rs150,850 per tola in Pakistan
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House reconstruction to cost Rs1tr
Around 2m houses to be reconstructed in aftermath of floods
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RDA inflows reach close to $5b
Investments in Roshan Digital Accounts will accelerate once challenges are tackled