PKR strengthened against USD, while weakened against GBP and EUR in the interbank session today.
Prices of 24-karat gold at per tola and 10-gram surged today and closed at Rs. 116,600 and Rs 1,400, respectively.
In the interbank session today, the PKR witnessed a dip against USD and EUR while it gained strength against GBP.
The non-government sector’s net borrowings in Pakistan for FY21 crossed Rs. 113 billion as of now.
The government has offered to pay Rs 450 billion to Independent Power Producers IPPs in…
During the past week, Pakistan’s net borrowings reached Rs. 393.67 Billion. SBP and Scheduled Banks stayed as top lenders.
The State Bank of Pakistan will raise Rs. 3.98 trillion from the sale of Government Securities in the next three 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.
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 in Pakistan for Dec’20 was 7.97%. In the previous month, it was 8.35%.