Stories from Usman Hanif
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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
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Foreign currency reserves drop by $252m
Debt repayments weigh heavily as SBP holdings decline to $11.17b, gold reaches new highs and rupee steadies at 279.26/
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Gold sees Rs1,600 per tola correction
PIB auction raises Rs476.4b against Rs350b target and rupee slips 9 paisa to 279.26/$
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Beverage industry calls for tariff reforms
PFVA suggests 20% FED on aseptic packaging on imports instead of imposing FED on final product
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Remittances surge 25.2% YoY to $3b
Overseas Pakistanis remit $20.8b in 7MFY25; experts warn of brain drain
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Trade war pushes gold over Rs300,000/tola
Increases by Rs1,346/tola; rupee strengthens 10 paisa to 279.05/$
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Reserves rise to $16.1b on $46m boost
SBP injects Rs1.1tr into market; gold sees minor correction and rupee weakens