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The Print
15-07-2025
- Business
- The Print
Arunachal sees robust economic growth, GSDP rises by 166 pc in one decade: CM Khandu
'Arunachal Pradesh is marching ahead with strong economic indicators,' the chief minister posted on X. Highlighting the state's progress under his government's reform-oriented policies, Khandu said the number of Goods and Services Tax (GST) taxpayers has gone up by 141 per cent since 2017-18, while per capita income has risen by 105 per cent since 2016. Itanagar, Jul 15 (PTI) Arunachal Pradesh Chief Minister Pema Khandu on Tuesday said the state has witnessed significant economic transformation over the past decade, with the gross state domestic product (GSDP) recording a 166 per cent increase between 2014 and 2024-25. According to the data shared by him, the state has also seen a 731 per cent increase in GST collection since the implementation of GST in 2017-18. Similarly, the State's Own Resources (SOR) have surged by 384 per cent between 2014-15 and 2024-25. Budget allocations for the state have also grown by 218 per cent between 2015-16 and 2025-26, reflecting a sustained focus on capital expenditure and inclusive development. The chief minister described the trend as a 'decade of transformative growth', underscoring his administration's emphasis on fiscal prudence and resilient development under the 'Pema 3.0' model of governance. PTI CORR SBN SBN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Recorder
15-07-2025
- Business
- Business Recorder
Gold prices pick up
KARACHI: Gold posted a modest increase in the local market on Monday, reflecting world bullion upward momentum - up by $16 to reach $3,372 per ounce, traders said. The rising trend moved the local gold prices up by Rs1,600 to Rs359,700 per tola and Rs1,371 to settle at Rs308,384 per 10 grams, All Pakistan Sarafa Gems and Jewellers Association said. Domestic and international silver prices also followed the uptrend, growing by Rs65 to Rs4,087 per tola and Rs40 to Rs3,503 per 10 grams. Global market was trading silver at $39 per ounce, the association added. Copyright Business Recorder, 2025
Express Tribune
14-07-2025
- Business
- Express Tribune
Rupee slides further on imports, SBP dollar buying
The Pakistani rupee continued its downward trajectory against the US dollar, weakening by 0.09% in the inter-bank market on Monday. According to the State Bank of Pakistan (SBP), the local currency closed at 284.72, marking a depreciation of 26 paisa from the previous close. Last week, the rupee had also recorded losses, slipping by 49 paisa, or 0.17%, over the course of the week at 284.46 against the dollar. Arif Habib Ltd Deputy Head of Trading Ali Najib told The Express Tribune that the weakness stems from persistent demand for the dollar amid rising import payments, profit repatriation by multinationals and cautious sentiment ahead of upcoming external debt repayments. In addition, the SBP is also consistently buying the US dollar from the market, taking its intervention to over $6 billion in 8MFY25, a deliberate strategy to rebuild forex reserves, driven by strong remittances, IMF funding and debt rollover considerations. Despite improving forex reserves, speculative activity and global dollar strength continue to weigh on the rupee. "Without stronger inflows or policy tightening, the currency may face further mild depreciation in the short term," said Najib. Meanwhile, gold prices in Pakistan recorded a mild increase on Monday, tracking gains in the international market, where the yellow metal steadied after hitting a three-week high amid renewed focus on trade tensions and upcoming US economic data. Meanwhile, silver surged to its highest level since September 2011. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola rose by Rs1,600 to settle at Rs359,700. The price of 10-gram gold climbed by Rs1,371 to Rs308,384. Spot silver gained 1.1% to $38.78 per ounce, hitting its highest level since September 2011 earlier in the session. The local rate was recorded at Rs4,087 per tola for 24-karat silver. Analysts attributed the move to geopolitical and economic uncertainties. Interactive Commodities Director Adnan Agar said gold prices reacted to US President Donald Trump's comments about potential tariffs on Europe and Mexico. "Gold touched a high of $3,375 and came down slightly to $3,345," Agar noted. "There's a chance it might dip before heading upwards again. With tariff discussions re-emerging, gold is expected to remain volatile in the coming days." The international market's focus remains on trade developments and key macroeconomic indicators from the US, which could further shape the trajectory of precious metal prices globally and domestically. Globally, spot gold was little changed at $3,356.95 per ounce, as of 1337 GMT, after reaching its highest point since June 23 earlier, according to Reuters.
Express Tribune
03-07-2025
- Business
- Express Tribune
Forex reserves close FY25 at $14.51b
The central bank said in its latest weekly update on Thursday that the country's foreign exchange reserves, held by the SBP, decreased $66 million to $8.15 billion in the week ended January 5, 2024 due to debt repayments. photo: file Listen to article Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $14.51 billion by the end of FY25, marking an increase of $5.12 billion from $9.39 billion a year earlier, according to provisional data released by the central bank on Wednesday. The reserves amounted to $9.39 billion on June 30, 2024, indicating a year-on-year rise of 54.5%. "This reflects a noticeable improvement in the country's current account balance and realisation of planned inflows during the year," the SBP noted. In a volatile fiscal year, the central bank reserves had fluctuated sharply due to debt repayments and scheduled inflows. For instance, by April 25, 2025, the SBP's reserves had inched up $9 million week-on-week to $10.21 billion. As of June 20, 2025, the total liquid foreign reserves of the country were reported at $14.40 billion. Of this, the SBP held $9.06 billion while net reserves of commercial banks stood at $5.33 billion. The sharp fall in SBP's reserves during the week ended June 20 – a decline of $2.66 billion – was attributed to external debt repayments, particularly commercial borrowings by the government. However, these outflows were offset in the following week by substantial inflows. According to the SBP, the central bank received $3.1 billion in government commercial loans and over $500 million from multilateral institutions during the last week of June. Meanwhile, gold prices in Pakistan edged lower on Wednesday, despite international bullion rates holding steady as investors awaited crucial US economic data. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell Rs600, settling at Rs356,200. Similarly, the price of 10-gram gold dropped Rs514 to Rs305,384. This comes a day after gold prices surged Rs6,600 per tola on Tuesday, driven by bullish momentum in global markets. Interactive Commodities Director Adnan Agar noted that gold was trading within a tight band on Wednesday. "Gold is range bound between $3,351 and $3,327, currently at $3,340. The upcoming US employment data is critical – if it supports gold, prices may move towards $3,400; if not, we could see a dip to $3,300, possibly even lower," he said. Agar added that trading volumes may also be influenced by upcoming US bank holidays on Thursday and Friday, which would lead to early market closures and potentially limited liquidity. In the inter-bank currency market, the Pakistani rupee depreciated 19 paisa against the US dollar, closing at 283.95, compared to 283.76 on June 30, 2025. This marks a 0.07% weakening of the local currency, according to data released by the State Bank of Pakistan (SBP). The SBP on Wednesday injected Rs1.163 trillion through Open Market Operations (OMOs), including both conventional and Shariah-compliant instruments, to support short-term market liquidity. Under the conventional OMO, the SBP injected Rs805.15 billion and through Shariah-compliant Mudarabah-based OMO, it poured Rs358 billion.
Fox Sports
25-06-2025
- Sport
- Fox Sports
Mets to stop slide in matchup with the Braves
Associated Press Atlanta Braves (37-41, third in the NL East) vs. New York Mets (46-34, second in the NL East) New York; Wednesday, 7:10 p.m. EDT PITCHING PROBABLES: Braves: Didier Fuentes (0-1, 7.20 ERA, 1.40 WHIP, three strikeouts); Mets: Clay Holmes (7-4, 3.04 ERA, 1.23 WHIP, 73 strikeouts) BETMGM SPORTSBOOK LINE: Mets -150, Braves +125; over/under is 9 1/2 runs BOTTOM LINE: The New York Mets play the Atlanta Braves as losers of three straight games. New York has a 27-12 record at home and a 46-34 record overall. Mets hitters have a collective .417 slugging percentage to rank fourth in the NL. Atlanta is 37-41 overall and 15-26 in road games. Braves hitters have a collective .384 slugging percentage to rank 10th in the NL. The teams meet Wednesday for the sixth time this season. The Braves lead the season series 5-0. TOP PERFORMERS: Juan Soto has 14 doubles, 17 home runs and 43 RBIs for the Mets. Brandon Nimmo is 13 for 37 with two doubles, two home runs and four RBIs over the last 10 games. Matt Olson leads the Braves with 15 home runs while slugging .481. Ronald Acuna is 13 for 32 with two doubles, three home runs and five RBIs over the last 10 games. LAST 10 GAMES: Mets: 1-9, .213 batting average, 6.06 ERA, outscored by 36 runs Braves: 7-3, .234 batting average, 3.13 ERA, outscored opponents by 11 runs INJURIES: Mets: Jesse Winker: 60-Day IL (side), Jose Siri: 60-Day IL (shin), Max Kranick: 15-Day IL (elbow), Tylor Megill: 15-Day IL (elbow), Kodai Senga: 15-Day IL (hamstring), Brooks Raley: 60-Day IL (elbow), Mark Vientos: 10-Day IL (hamstring), Danny Young: 60-Day IL (elbow), A.J. Minter: 60-Day IL (lat), Sean Manaea: 60-Day IL (oblique), Nick Madrigal: 60-Day IL (shoulder), Drew Smith: 60-Day IL (elbow), Christian Scott: 60-Day IL (elbow) Braves: Michael Harris II: day-to-day (elbow), Chris Sale: 15-Day IL (rib), Daysbel Hernandez: 15-Day IL (arm), AJ Smith-Shawver: 60-Day IL (calf/elbow), Reynaldo Lopez: 60-Day IL (shoulder), Joe Jimenez: 60-Day IL (knee) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. recommended
