PKR Strengthens by 4 Paisa Against USD
PKR strengthened against USD, while weakened against GBP and EUR in the interbank session today.
Finance
24-karat Gold Reached PKR 116,600/Tola in the Bullion Market
Prices of 24-karat gold at per tola and 10-gram surged today and closed at Rs. 116,600 and Rs 1,400, respectively.
PKR Witnessed a Dip of 35 Paisa Against USD
In the interbank session today, the PKR witnessed a dip against USD and EUR while it gained strength against GBP.
Non-govt. Sector’s Net Borrowings Reached Rs. 60.91 Billion
The non-government sector’s net borrowings in Pakistan for FY21 crossed Rs. 113 billion as of now.
Circular Debt: Government Offers To Pay Rs.450 Billion To IPPs
The government has offered to pay Rs 450 billion to Independent Power Producers IPPs in…
Pakistan’s Net Borrowing for FY21 Reached Rs. 393.67 Billion
During the past week, Pakistan’s net borrowings reached Rs. 393.67 Billion. SBP and Scheduled Banks stayed as top lenders.
SBP to Raise Rs. 3.98 Trillion from Sale of Government Securities
The State Bank of Pakistan will raise Rs. 3.98 trillion from the sale of Government Securities in the next three months.
CDNS Achieved Rs. 42 Billion Net Target in the Last 6 Months
The net target for Fy21 for CDNS was set to be Rs. 249 billion, of which they have met just Rs. 42 billion during the past 6 months.
Federal Board of Revenue Achieved Over 99% of its FY21 Target
The Federal Board of Revenue (FBR) as of now has already achieved over 99% of its FY21 tax target i.e. an amount of Rs. 2,204 billion.
The Inflation Rate for Dec’20 was 7.97%
The inflation rate in Pakistan for Dec’20 was 7.97%. In the previous month, it was 8.35%.