Day: May 20, 2024

The banking deposits increased by over 21 percent to Rs. 28.4 trillion as of April 2024 compared to Rs. 23.4 trillion as of April 2023. According to data released by the State Bank of Pakistan (SBP), advances decreased by 0.7 percent year-over-year to Rs. 12 trillion during the same period

The price of gold in Pakistan surged past the Rs. 250,000 per tola mark on Monday. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,300 per tola to Rs. 250,400, while the price of 10 grams went up by Rs.

The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278 in the interbank market. It was bearish all day and closed in red against the greenback. It also posted massive losses against other major currencies during today’s session. The interbank

The delay in the procurement of wheat is causing problems for farmers in the cultivation of cotton crop. Citing sources in the provincial agriculture department, local media reported on Monday that Punjab may miss the cotton cultivation target owing to the wheat crisis. Sources said that the cotton cultivation target

One of the top IT exporters of Pakistan, Noman Said, has apprised that the information technology industry has started to show its true potential to be transformational for the economy of Pakistan – and, IT exports to Saudi Arabia are the cornerstone of the encouragement, game-changing and progressive trend in

Car financing continued to fall 22 months in a row in the calendar year 2024, down 23.7 percent YoY to Rs. 236 billion by the end of April from Rs. 309 billion in the same period last year. According to the State Bank of Pakistan (SBP), consumer financing for house

The Utility Stores Corporation has successfully procured 10,000 tons of sugar as part of the Prime Minister’s Relief Package, sources told ProPakistani. The essential commodity was purchased at a rate of Rs. 141.2 per kg, so the Utility Stores will sell sugar to consumers at a rate of around Rs.

The federal government has shared a plan with the International Monetary Fund (IMF) to reduce federal expenses by Rs. 300 billion, well-informed sources told ProPakistani. This plan involves several key measures aimed at cutting costs and streamlining operations. Sources said one step involves eliminating vacant positions in grades 1-16 over