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Gold prices in Pakistan dipped sharply on Wednesday, tracking a decline in international markets. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola fell by Rs1,400, bringing it down to Rs355,200 from Rs356,600 on the previous day. The
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Former caretaker federal minister and Chairman of the Economic Policy & Business Development (EPBD) think tank, Gohar Ejaz, has issued a strong call for the State Bank of Pakistan (SBP) to realign its monetary policy with ground realities, warning that the current interest rate regime is strangling the economy and
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The Pakistan Stock Exchange (PSX) achieved another milestone on Wednesday as the KSE-100 Index rose to a historic close of 150,591 points, gaining 820 points during the session. The index briefly moved into the 151,000 zone before ending the day with robust gains. Analysts attributed the rally
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Gold prices in Pakistan recorded a significant decline on Wednesday, following movement in the international bullion market. Data released by the All Pakistan Sarafa Gems and Jewellers Association showed that the price of 24-karat gold per tola dropped by Rs. 1,400, closing at Rs. 355,200 compared with
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Pakistan is preparing to renegotiate its liquefied natural gas (LNG) import agreement with Qatar as reduced industrial activity and weaker power demand create an oversupply problem, government sources have said. At a recent meeting, the Economic Coordination Committee (ECC) allowed the Petroleum Division to start formal talks with Qatar. Minister
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The Pakistan Stock Exchange (PSX) maintained its strong upward momentum on Wednesday as investor confidence was buoyed by stable currency conditions, upbeat corporate earnings, and solid institutional participation. In early trade, the KSE-100 Index climbed to 150,346.33 points, rising 575.59 points or 0.38%. Traders highlighted
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Pakistani currency market witnessed stable trends on Wednesday as the US Dollar showed no major change against the Rupee. The open market rate for the Dollar was reported at Rs 284.65 for buying and Rs 285.25 for selling. In interbank trading, the exchange rate stood at Rs 282.
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Pakistan faced a severe internet disruption on Tuesday evening, with connectivity dropping to just 20% of normal levels nationwide, according to global internet observatory NetBlocks. Read more: Stock Market Rally Offsets Fall in Gold Prices “Metrics show a major disruption to internet connectivity across Pakistan with high impact to backbone
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Gold lost ground in Pakistan on Tuesday as investors turned toward equities, while the stock market achieved a historic milestone. Figures shared by the All Pakistan Gems and Jewellers Association showed that the price of gold per tola fell by Rs1,100, bringing it down to Rs356,600. Prices for
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Two of Pakistan’s leading state-owned energy companies, OGDCL and Pakistan Petroleum Limited (PPL), have increased their financial commitments to the Reko Diq copper and gold project, taking their pro-rata funding to $715 million. In separate disclosures to the Pakistan Stock Exchange, the firms said the revision followed
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The Pakistan Stock Exchange (PSX) witnessed another strong rally on Tuesday as the KSE-100 Index broke past the 149,000 barrier in early trade, continuing its record-setting streak. By 10:10am, the index had risen to 149,162.07 points, up by 965.65 points or 0.65%
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Pakistani currency market witnessed calm trading on August 19 as the Rupee maintained its position against major foreign currencies, including the US Dollar. According to updates from currency exchanges, the US Dollar was bought at Rs 284.65 and sold at Rs 285.25 in the open market. In the