Two countries will jointly build a closer China-Pakistan community with a shared future for a new era
Economy
Bullion prices settle at Rs116,700 per tola and Rs100,051 per 10 grams on Wednesday.
Significant fluctuations in the local currency against the US dollar aided the increase in prices of the safe-haven asset.
Gold rates in Pakistan are around Rs1,500 below cost compared to the gold rate in the Dubai market.
Drop comes in wake of global commodity price hike that lifts demand for dollar
World Economic Outlook report sees higher current account deficit this fiscal۔
Gas deficit looms large as PLL fails to procure eight LNG cargoes.
Energy ministry official says prices of LNG in spot market have increased mainly because of high demand by EU countries.
Demand for LNG has also been driven as China is abandoning power generation based on coal as fuel.
Next installment worth $1 billion is likely to be received if talks are successful.
“Policy talks between Pakistan and IMF will continue from October 13 to 15,” officials say.
Spokesperson for federal minister for finance confirms technical level talks with IMF concluded on a good note.
The government is scrambling to limit the imports bill by slapping tariff and non-tariff barriers on nonessential imports
Managing currency valuation consists in managing market expectations. Has the government got what it takes to stabilise the rupee?