Pakistan is seeking another rating upgrade as Aurangzeb discusses reforms, financial stability and improved borrowing prospects with Moody’s.
Gold prices in Pakistan rose Rs900 per tola to Rs440,836 on Tuesday, tracking gains in the international market after Monday’s decline.
The PKR strengthened to Rs276.97 against the dollar, marking its strongest level since October 2023, while gaining against major currencies.
Gold prices fell by Rs2,100 per tola in Pakistan on Monday, while silver also declined amid pressure in international markets.
Pakistan plans to privatise up to six state-owned entities this fiscal year, aiming to raise more than $1 billion in proceeds.
Pakistan’s fuel subsidy scheme has seen nearly 20 million tokens redeemed, with the government pledging Rs75bn to continue providing relief.
PIA will add two Boeing 787-9 Dreamliners to expand long-haul capacity and improve direct connectivity between Pakistan and the UK.
Pakistan plans to continue its retailers’ tax scheme beyond 2026, simplifying compliance for small businesses and targeting unregistered shops nationwide.
Pakistan received $3.59 billion in remittances in September, up 12.7 percent year-on-year, with Saudi Arabia remaining the largest source.