National
Wheat and flour markets are under pressure as prices continue to climb. The latest figures show that wheat has gone up by Rs300 per 40kg, bringing the rate to Rs3,100. The surge has raised concerns among millers and consumers alike. The Pakistan Flour Mills Association said the Punjab government’
Business
Billions of rupees are lost each year in Pakistan due to floods, earthquakes, and other natural hazards, yet most government development projects lack any insurance protection. Global lenders are now calling on Islamabad to act before more damage is done. According to officials, the International Monetary Fund (IMF) and the
Business
Pakistani foreign exchange market began the week with varied trends as the rupee traded in a narrow range against major currencies on Monday. Dealers reported that the US dollar stood at Rs283.60 for buying and Rs284.10 for selling, showing little movement compared to previous sessions. According to updated
Business
The Pakistan Stock Exchange (PSX) started Monday’s session on a firm footing, with the benchmark KSE-100 Index surpassing the 150,000-point level in early trade. The index briefly touched 150,079.75 before easing back. By 9:50am, the KSE-100 was trading at 149,625.01
Business
Gold prices in Pakistan soared on Saturday, mirroring a rally in the global bullion market as investors continued to flock to safe-haven assets amid economic uncertainty. Read more: Gold Recovers After Two-Day Decline Internationally, gold surged by $41 per ounce, reaching $3,371, driven by heightened investor demand
Business
The value of gold recorded a notable rise on Thursday in international and Pakistani markets, breaking a two-day losing streak. In global trade, the bullion price jumped by $20 per ounce, closing at $3,345. The increase was reflected in Pakistan, where 24-karat gold gained Rs2,000 per
Business
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
Business
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
Business
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
Business
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.
Business
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
Business
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