Stories from Salman Siddiqui
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Rupee makes spectacular recovery after free-fall, to remain volatile
Crackdown on dollar smuggling and hoarding dismantled black markets in border areas, reversing rupee’s fall
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EXIM to become operational soon
Tasked with diversifying exports, creating import substitution opportunities
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Proponents of GMO seeds become active again
Urge caretaker govt to allow legal import of seeds for cooking oil, animal feed production
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SBP tightens grip on exchange rates
For accurate pricing, central bank directs dealers to submit daily rates to ECAP
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LNG imports set to hit 18-month high
With sharp price fall, Pakistan buys spot cargoes for first time in one year
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Energy imports drop 13% to $1.42 billion in Nov
Sluggish economic activities, soaring product prices contribute to reduced demand
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Govt reduces rates on national savings schemes
Special Saving Certificates, Regular Income Certificates and Short Term Savings Certificates see largest cuts
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Power generation hits 33-month low
Reaches 7547GWh, declining 21% compared to month of October 2023
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Auto financing slows down over high costs
Consumers take Rs257b financing in November, down 2.6%
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PSX nosedives by over 2,000 points
Market experiences panic selling by investors