Rupee rises amid political stability | The Express Tribune

PHOTO: REUTERS/FILE KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over the formation of the government in the centre. According to the State Bank of Pakistan’s […]

Oil rises 1%, heads for weekly gain | The Express Tribune

Oil prices rose on Friday and were on track for gains of almost 7% week-on-week, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures rose 79 cents, or 0.97%, on the day to $82.42 a barrel by 1446 GMT, while US West Texas Intermediate crude futures […]

Global investors’ confidence in Pakistan rises | The Express Tribune

KARACHI: Pakistan has won back confidence of global investors as the country risk premium fell significantly from the peak of over 14% in June while its dollar-denominated Eurobond prices rose notably. Topline Securities CEO Mohammed Sohail said on social media platform X “Pakistan’s country risk premium has fallen significantly from its peak of 14.13% on […]

US unemployment rate rises to 3.9% as job growth declines in October

Women walk past a “Now Hiring” sign outside a store on August 16, 2021 in Arlington, Virginia. — AFP Based on government data released on Friday, job growth in the United States slowed down in October, partly due to a strike by autoworkers as the unemployment rate edged up to 3.9%. The world’s biggest economy […]

US consumer spending rises in tandem with monthly core inflation

An American shopping for groceries in a US supermarket. — AFP/File US consumer spending grew more than anticipated in September as households upped their vacation and auto purchases, continuing the trend of higher spending growth as we move into what economists predict will be a difficult fourth quarter. According to the report released by the […]

SPI inflation rises by 24.39% | The Express Tribune

KARACHI: In a concerning development, the Sensitive Price Indicator (SPI), which tracks 51 essential commodities, recorded a 24.39% increase in weekly inflation, ending on August 8, 2023, compared to the same period last year. This surge in prices is taking a toll on households, squeezing their disposable income and limiting their purchasing power. During the […]

Weekly inflation rises by 3.73% | The Express Tribune

ISLAMABAD: Inflation in the last week surged by 3.73% brining the annual rate to a record high of 29.21%, according to the Pakistan Bureau of Statistics (PBS) on Thursday, highlighting the severity of the current economic situation in the country. The PBS report stated that within the last week, the prices of 20 key items, […]

Gold rate rises to Rs226,400 per tola in Pakistan

A representational image of gold jewellery. — AFP/File Gold prices in Pakistan continued upward trend on Wednesday as per tola price increased by Rs5,400 amid slight increase in international rates. According to data issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) gained Rs5,400 per tola and Rs4,630 per […]

Petrol levy rises to Rs55 per litre from today

An undated image of workers standing at a petrol pump in Pakistan. — AFP The federal government on Saturday approved an increase in the petroleum development levy just a day after Pakistan signed a $3 billion pact with the International Monetary Fund (IMF).  The PDL on petrol has been jacked up from Rs50 to Rs55 per litre from the […]

Gold regains shine, price rises by Rs800 per tola in Pakistan

An undated image of gold jewellery displayed at a store. — AFP/File  KARACHI: The gold price in Pakistan and in the international market registered an increase at the start of the week on Monday.  The price of gold (24 carats) increased by Rs800 per tola and Rs685 per 10 grams to settle at Rs215,300 and […]

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