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Gold price hits Rs 53,500

Source: Geo News | 20-10-2013

Price of gold hit Rs53,500 per tola on Saturday with an increase of Rs1,900, Geo News reported Saturday.

The price of the precious metal rose to Rs 47,857 per 10 gram with an increase of Rs1,628.

IMF doubts FBRâ€™s ability to achieve Rs 2,232b target

Source: Dawn News | 17-01-2013

The International Monetary Fund (IMF) has reportedly noted that Federal Board of Revenue (FBR) could not achieve the proposed revised revenue collection target during the ongoing financial year (2012-2013), said an official. Sources informed that IMF, in recently concluded technical talks under Post Programme Monitoring, noted that FBR is struggling..... Read more

Pakistan net FDI declines 9.7 per cent

Source: Dawn News | 19-03-2013

Net foreign direct investment into Pakistan declined 9.7 per cent to $504.4 million in the eight months of the fiscal year that ended in February compared to a year earlier, according to central bank data. Between last July and February, there was an inflow of $1.405 billion and an outflow was $900.7 million, the central bank saidIn the year earlier per..... Read more

Forex reserves surge to $13.782b

Source: The Nation | 18-01-2013

Country’s foreign exchange reserves surged by $123.6 million to around $13.782 billion as on January 11, 2013. According to State Bank of Pakistan here on Thursday, the foreign exchange reserves held by the central bank improved to $8.951 billion while reserves held by banks stood at about $4.831 billion during the week Read more

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