Gold prices in Pakistan touched another peak on Monday, following gains in the international market. According to dealers, the rate for 24-karat gold stood at Rs359,800 per tola across all major cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta. The price for 10 grams also rose, increasing by Rs3,515 to settle at Rs308,470. Market data…
The foreign exchange market in Pakistan began the week with mixed movement as traders observed fluctuations in major global currencies. According to the latest rates, the US dollar was trading at Rs283.60 for buying and Rs284.10 for selling. The euro was recorded at Rs327.75 (buying) and Rs329.20 (selling), while the British pound stood at Rs379.20…
The Pakistan Stock Exchange (PSX) opened the week on a positive note as the benchmark KSE-100 Index briefly crossed the 150,000 mark during early trading on Monday. The index touched an intraday peak of 150,079.75 before easing slightly. At 9:50am, the market was trading at 149,625.01, showing a gain of 131.96 points or 0.09%. Buying…
The Economic Policy and Business Development (EPBD) think tank stressed that the economic case for provincial restructuring in Pakistan is compelling when analyzed through regional disparity reduction, fund utilization efficiency, and aggregate demand generation. The think tank in its report “Economic Analysis of Provincial Restructuring in Pakistan”, stated that the current provincial structure fails to…
The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Thursday, reversing early gains as political developments rattled investor confidence. The benchmark KSE-100 index surged to an intra-day high of 151,250 points in the morning session. However, heavy selling pressure erased the momentum, dragging the index down to a low of 148,273. By the closing…
Gold prices rebounded on Thursday, registering sharp gains in both global and domestic markets after two consecutive sessions of decline. In the international bullion market, the yellow metal advanced by $20 an ounce, lifting the price to $3,345. The upward momentum was mirrored in Pakistan, where gold prices jumped significantly. According to local traders, the…
Essential food items have seen a steep rise in Punjab, with flour and sugar costs placing added pressure on households. Market reports show that the price of a 20-kilogram flour bag has jumped by Rs300 in the past two weeks. Retail flour rates have also risen by Rs15 per kilogram. Traders linked the surge to…
The Pakistani rupee remained largely stable against the US dollar on Thursday, with only minor changes observed in both the interbank and open markets. According to currency dealers, the dollar was traded at Rs284.65 in the open market for buying and Rs285.25 for selling. In the interbank market, it stood at Rs282.15. The rates indicated…
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 burdening taxpayers. Ejaz emphasized that…
The Pakistan Stock Exchange (PSX) continued its record-breaking momentum on Wednesday as the KSE-100 Index surged beyond the 150,000 barrier for the first time, closing at 150,591 points. The index gained 820 points, or 0.55%, after briefly touching the 151,000 mark during intraday trade. Market observers said the latest rise reflected sustained investor optimism, fuelled…
End of content
End of content
