Stories from Usman Hanif
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Banking sector ADR rises to 47.8%
Jumps 944bps in 3 months; market concerned about steps banks are taking
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Gold continues upward trend, reaches Rs277,400
Rupee depreciates marginally, settles at 278.05 to a dollar
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Remittances soar 29% to $2.9b
Surge driven by narrowing gap between official and unofficial channels
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SPI drops for second straight week
Rises 3.57% YoY; food prices fall on cooling inflation, market sees 200bps rate cut
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Reserves hit $16.6b on ADB inflows
Saudi fund's 1-year extension for $3b deposit throws economy a lifeline; rupee stays stable
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Internet woes dent nation's IT ambitions
Connectivity crisis could cripple IT sector and freelancers, jeopardise economic goals
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Rupee slides marginally to Rs277.92/$
Pakistani rupee depreciates slightly against the dollar.
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Oil sales surge to 25-month high
Crackdown on Iranian fuel smuggling and price cuts drive 15% YoY growth to 1.58m tonnes
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Gold drops to Rs274,500/tola, rupee rises
Political unrest on Nov 24 temporarily impacted currency but has since rebounded
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Weekly inflation falls 0.03%
Year-on-year reading hits 5.13%, may remain range bound in FY25