Usman Hanif
Website Content Manager at Geo News
Journo @geonews_english| @etribune, @TribuneBiz| Ex @profitpk| Business: Economy @CEJatIBA @EastWestCenter @ChevPakistan SAJP
Articles
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5 days ago |
tribune.com.pk | Usman Hanif
KARACHI: Buoyant remittances, relied upon by the government to support its external financing needs, have witnessed a sharp 22% decline on a month-on-month basis in April 2025. This drop, following record inflows in March, has raised concerns over a potential current account deficit, which analysts estimate could fall between $350 and $400 million for the month.
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6 days ago |
tribune.com.pk | Usman Hanif
KARACHI: The State Bank of Pakistan (SBP) reported a week-on-week increase of $118 million in its foreign exchange reserves, taking the total to $10.3 billion as of May 2, 2025. According to the latest data released on Thursday, Pakistan's total liquid foreign reserves stood at $15.5 billion, including $5.2 billion held by commercial banks. The uptick in SBP reserves signals improved external account stability, offering some relief amid ongoing economic challenges.
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1 week ago |
tribune.com.pk | Usman Hanif
KARACHI: Gold prices in Pakistan remained almost stagnant on Wednesday, as international rates dipped amid a stronger US dollar and renewed optimism over US-China trade talks. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market rose only by Rs800 per tola, reaching Rs356,900. The price of 10-gram gold also increased by Rs684 to Rs305,984. This follows a sharp jump of Rs6,100 per tola on Tuesday, when prices hit Rs356,100.
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1 week ago |
tribune.com.pk | Usman Hanif
KARACHI: Despite escalating Indo-Pak tensions following airstrikes, Pakistan's Euro and Sukuk bonds have posted notable gains in global markets, highlighting investor confidence in the country's macroeconomic management and IMF-backed reform agenda. Yields on Pakistan's international bonds have declined by 18-61 basis points across various tenors over the last 8-9 days, reflecting a corresponding rise in bond prices.
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1 week ago |
tribune.com.pk | Usman Hanif
KARACHI: Gold prices in Pakistan extended the sharp upward trend on Tuesday, mirroring a global rally driven by renewed buying from China and market concerns over possible US tariffs on pharmaceutical imports, while investors await direction from the US Federal Reserve's upcoming policy decision. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs6,100, reaching Rs356,100 in the local market.
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Pakistan's founding leaders believed an illiterate populace was unfit for self-governance that's why the country is still struggling with the political system! Pakistan's first massacre occurred in just one year claiming the lives of over 100 people. https://t.co/eMHYfCPp61
Aug 12, 1948, less than 2 years after independence, the Babrra Massacre unfolded in Charsadda. Police opened fire on 20,000+ Khudai Khidmatgar protesters opposing Khan Abdul Gaffar Khan's house arrest. Official toll: 15 dead, 40 injured. Movement claims: 150+ killed, 400+ injured https://t.co/pNv1iX33ja