Stories from Usman Hanif
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Gold prices drop for 2nd day in a row
Sheds Rs2,400 amid global decline; rupee gains 5 paisa at 279.62 against US dollar
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Banks urged to prioritise SME lending
SBP governor pushes banks to cut govt reliance; banks cite low private demand
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Open-mind to cryptocurrency urged
Aurangzeb pushes for cashless economy, AI, digital assets at banking summit
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Short-term inflation rises 0.27% WoW
Inflationary pressures resurface as prices of essential items spike
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Gold sees correction of Rs2,000 after record high
Falls to Rs307,000 as global rates decline, rupee loses 11 paisa closing at Rs279.57/$
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Gold extends winning streak, hits new peak
Metal reaches Rs309,000/tola; SBP reserves rise $35m to $11.2b
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Gold hits all-time high of Rs308,000
Jumps Rs3,800/tola while rupee slips to 279.47/$; SBP raises Rs258.8b in T-bills against Rs350b target
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C/A slips into $420m deficit
It is highest shortfall since June 2024; C/A in surplus at $682m for 7MFY25
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Textile exports rise 16% to $1.69b
It marks highest textile export since June 2022; food shipments dip 17%
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Gold continues breaking records
Surges to Rs306,200, rupee gains 5 paisa to 279.21/$; domestic debt up 3% to Rs49.88tr in Dec'24