The Pakistani rupee continued its upward trend on Wednesday, appreciating by 0.04% to close at 282.95 in the inter-bank market, up from 283.05 a day earlier. The recent crackdown on black market dollar trading has helped strengthen the rupee, though traders report that unofficial currency dealings have adapted by shifting
The State Bank of Pakistan’s Monetary Policy Committee (MPC) unexpectedly kept the policy rate unchanged at 11% on Wednesday, citing concerns over rising inflation and a widening trade deficit. Despite cutting the rate from 22% to 11% between June 2024 and May 2025, the MPC has held it steady for
ISLAMABAD: The federal government has reportedly imposed an 18 percent sales tax on the import of cotton fiber, yarn, and greige cloth, following a nearly month-long delay and sustained lobbying by the All Pakistan Textile Mills Association (APTMA). On July 18, 2025, APTMA formally requested Finance Minister Senator Muhammad Aurangzeb
ISLAMABAD: The prices of essential kitchen items remained largely stable this week compared to the previous week, according to a survey conducted by Business Recorder on Saturday. The survey noted a decline in chicken prices, which fell from Rs16,400 to Rs15,200 per 40-kg in the wholesale market. In retail, chicken
