Pakistan’s textile exports rose 5.55 percent in two months, driven by stronger garment, knitwear, cotton yarn and towel shipments.
Pakistan is shifting from stabilisation to investment, exports and private sector growth as global investors show renewed interest in the economy.
Gold prices in Pakistan surged Rs6,900 per tola as international bullion rates climbed amid Middle East tensions and falling oil prices.
Pakistan’s weekly inflation rose 0.49%, driven by higher onion and fuel prices, while several essential food items became cheaper.
Pakistan’s mobile phone imports fell 8.85% in two months, while telecom equipment imports rose nearly 9%, official data showed.
Pakistan’s foreign exchange reserves hit a record $21.4 billion after Eurobond proceeds boosted the State Bank’s holdings.
Oil prices fell for a third straight session as Saudi supply concerns eased, while Middle East tensions kept crude above $100.
Gold prices in Pakistan fell Rs3,800 per tola, reversing Wednesday’s gains as international bullion prices also declined during trading.
Consumer financing rose 30.37 percent year on year to Rs1.23 trillion in August, while auto and housing loans posted strong growth.