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Essential Kitchen Items’ Prices Stay Stable

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

Pakistani rupee records slight appreciation

KARACHI: The Pakistani rupee strengthened against the US dollar, appreciating 0.19% in the inter-bank market on Thursday. At close, the currency settled at 284.22, a gain of Re0.54. On Wednesday, the currency settled at 284.76. Pakistan’s law enforcement agencies have reportedly launched a crackdown against foreign currency smugglers, aiming to

S&P Global lifts credit rating to ‘B-’

LONDON: S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and placed it on a ‘stable’ outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund support. “The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance

PKR: marginal improvement

KARACHI: The Pakistani rupee saw a slight gain against the US dollar, appreciating by 0.07% in the inter-bank market on Wednesday. By the end of the trading session, the rupee closed at 284.76, marking an increase of Re0.21 from Tuesday’s closing rate of 284.97. Globally, the US dollar weakened against

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