Karachi: The Pakistan Stock Exchange (PSX) surged to a historic high on Thursday, with the benchmark KSE-100 index closing at 118,938 points—a 0.96% rise—after the government announced a major cut in electricity prices. Earlier in the day, the market had dipped due to concerns over new US tariffs, hitting an intra-day low of 117,508 points. However, […]
Pakistan Stock Exchange hits record high after power ariff cut Read More »
Gold prices in Pakistan surged to an all-time high on Thursday, continuing an upward trend in the domestic market. According to the Sindh Sarafa Bazaar Association, the price of gold per tola rose by Rs 500, reaching a historic peak of Rs 325,500. Similarly, the rate for 10 grams of gold increased by Rs 428,
Gold per tola breaks record, reaches Rs 325,500 Read More »
ISLAMABAD: Pakistan Business Forum (PBF) President Khawaja Mehboob has lauded Prime Minister Shehbaz Sharif’s announcement of a reduction in electricity prices, terming it a “positive step” towards economic relief. However, he urged the government to eliminate the PTV fee and other unnecessary surcharges from electricity bills to further ease the burden on consumers and businesses.
PBF hail power tariff cut, demand end to PTV fee on bills Read More »
WASHINGTON: President Donald Trump has announced sweeping new trade tariffs as part of his “Make America Wealthy Again” plan, and Pakistan is among the targeted countries. Speaking from the White House Rose Garden, the US President announced 29 percent reciprocal tariff on all imports from Pakistan as part of punitive measures against 60 countries. The
Trump slaps 29% reciprocal tariff on Pakistan Read More »
KARACHI: Gold prices keep rising, setting new records locally and globally. In Pakistan, 24-karat gold per tola now costs over PKR 325,000 for the first time. It rose by PKR 1,620. The Sarafa Association reports that 10 grams of gold increased by PKR 1,389 to reach PKR 278,635. In the international market, gold per ounce
Gold prices hit record highs in Pakistan Read More »
Gold prices in Pakistan surged to an all-time high, with the precious metal becoming significantly more expensive in local markets. The price of gold per tola rose by Rs 2,380, reaching Rs 323,380, while ten grams of gold increased by Rs 2,041, settling at Rs 277,246. Also read: After hitting record high, gold price per tola
Gold prices hit record highs in Pakistan Read More »
ISLAMABAD: The price of sugar at utility stores has increased to Rs 158 per kilogram, up from Rs 150 per kg last week, according to the latest data released by the Bureau of Statistics. Despite the hike, sugar at utility stores remains Rs 10.68 cheaper than the average open market price. The government has maintained
Sugar prices jump Rs 8 per kg at utility stores across Pakistan Read More »
BY: Sheraz Ahmad Sherazi ISLAMABAD: The federal government has announced a reduction in the price of petrol by Rs1 per liter, effective from midnight tonight, following global market trends. According to a notification issued by the Finance Division, the Oil and Gas Regulatory Authority (OGRA) revised petroleum prices in line with international rate fluctuations. The
Petrol price reduced by Rs1 for the next two weeks Read More »
ISLAMABAD:Pakistan’s Prime Minister PM Shehbaz Sharif on Wednesday announced the successful staff-level agreement with the International Monetary Fund (IMF) for a $1.3 billion loan, marking a key step toward economic stabilization. Speaking at a Cabinet Committee meeting, Sharif praised his economic team, including the finance and commerce ministers, for securing the deal without imposing additional
PM Shehbaz hails $1.3 billion IMF agreement success Read More »
The International Monetary Fund (IMF) announced Wednesday that it has reached a staff-level agreement with Pakistan, paving the way for the disbursement of about $2 billion following formal approval. In a statement, the IMF acknowledged Pakistan’s progress in restoring macroeconomic stability despite ongoing challenges. “Despite the difficulties, Pakistan has made significant progress in restoring macroeconomic
IMF reaches staff-level deal with Pakistan to unlock $1.3 billion of new cash Read More »
