The central bank released data showing that commercial banks’ net foreign reserves dropped by US$630 million to $5.43 billion. At $14.58 billion, the overall national reserves had dropped by US$41 million. The country’s total liquid foreign reserves were valued at $14,58 billion US dollars. The SBP announcement also stated, “SBP reserves increased by US$ 22…
The 100-Index had a mixed pattern during intraday trading; the high point was 75,401.11 points, and the low point was 74,947.71 points. In comparison to the 407,625,139 shares worth Rs 16.9 billion that were exchanged the day before, a total of 496,699,517 shares valued at Rs 17.631 billion were moved during the day. In the…
Consumer prices increased less quickly in April than anticipated, according to data released on Wednesday. However, few policymakers have provided any indication as to when rates would drop, which has limited the dollar’s losses this week. The dollar index, which compares the value of the US dollar to six other currencies, increased by 0.2% on…
To a query put up in the National Assembly, the ministry submitted a written reply, that the Pakistani rupee was under pressure for the past two years due to a weak external account position. “A current account deficit of $17.5 billion in the fiscal year 2022 was recorded which decreased by $2.2 billion in the…
Given that the majority of the world was still recovering from the pandemic and the U.S. economy was surprisingly robust, the dollar has performed better this year when it comes to the narrative of U.S. exceptionalism. A recent change in attitude from the worry that the U.S. central bank might even hike rates again to…
At 03:15 GMT, U.S. West Texas Intermediate crude prices increased by 5 cents to $79.17 a barrel, while Brent crude futures increased by 4 cents to $83.40 a barrel. As the world’s two largest oil consumers, China and the United States, show signs of strengthening demand, the benchmark contracts ended the day higher on Monday.…
By 11:21 a.m. (1521 GMT), Brent futures had dropped 13 cents to $83.75 a barrel. At $79.22 per barrel, U.S. West Texas Intermediate oil dropped 4 cents. For the week, both benchmarks were essentially flat. According to Jim Ritterbusch of Ritterbusch and Associates, swelling U.S. oil product inventories were putting pressure on prices as the…
The facts state that in the upcoming financial budget, the federal government intended to end the current tax exemptions for the former Federally Administered Tribal Areas (FATA)/Provincially Administered Tribal Areas (PATA) region. It is anticipated that the removal of tax exemptions in the FATA/PATA region will bring in an annual revenue of Rs 100 billion…
Malaysia is significant to Shell, according to the firm. In a revised statement on Tuesday, it stated, “We remain committed to the mobility business in the country,” without providing further details. On Monday, Saudi Aramco chose not to comment. According to its website, London-based Shell fully owns about 950 gas stations throughout the nation of…
The dollar index, which compares the value of the currency to six important rivals, increased by 0.1% to 102.83. It is almost steady since the statistics and has mostly ignored Tuesday’s hotter-than-expected U.S. consumer inflation data. Since U.S. data indicates that the economy is still robust and investors are reducing their predictions for swift and…