Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of several foreign currencies, witnessed further increase as it clocked in at 103.95 in October 2025, up from 101.70 (revised) in September 2025, data released by the State Bank of Pakistan (SBP) on Monday showed. A REER above 100 means the country’s exports are uncompetitive, while i
Most Gulf stock markets fell in early trade on Monday, tracking weaker oil prices, as investors awaited a raft of US economic data following the end of the government shutdown. Oil, a key driver for Gulf financial markets, slipped as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack. Brent was
TOKYO/BEIJING: Oil prices fell on Monday, erasing last week’s gains, as loadings resumed at the key Russian export hub of Novorossiysk, after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack. Brent crude futures dropped 44 cents, or 0.68%, to $63.95 a barrel by 0751 GMT. US West Texas Intermediate (WTI) crude futures were trading at $59.61 a barrel, down 48 cen
The Pakistani rupee continued to strengthen against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Monday. At 10:20am, the currency was hovering at 280.52, a gain of Re0.2 against the greenback. During the previous week, the Pakistan rupee posted marginal gain for another week as it appreciated by Re0.10 or 0.04% against the US dollar in the
Federal Minister for Finance, Senator Muhammad Aurangzeb, has underscored that Pakistan’s long-term economic prospects depend on effectively confronting the dual national challenges of rapid population growth and climate vulnerability. He made this observation during his address to the launch ceremony of the District Vulnerability Index for Pakistan (DVIP), organised by the Population Council i