The price of gold in Pakistan fell sharply on Wednesday, reflecting a downward trend in both local and international markets. According to the All Pakistan Sarafa Gems and Jewellers Association, the cost of 24-karat gold declined by Rs. 1,400 per tola, settling at Rs. 355,200 compared with Rs. 356,600 a day earlier. Similarly, the rate…
Pakistan has decided to approach Qatar to renegotiate its long-term liquefied natural gas (LNG) deal after a slump in domestic demand left the country with dozens of surplus cargoes, officials confirmed. The Economic Coordination Committee (ECC) this week authorised the Petroleum Division to begin talks with Doha on reducing import volumes. Sources said Petroleum Minister…
The Pakistan Stock Exchange (PSX) opened on a positive note on Wednesday, extending its recent rally as the KSE-100 Index surged by nearly 600 points during the initial trading session. At 10am, the benchmark stood at 150,346.33, reflecting an increase of 575.59 points or 0.38%. Analysts linked the upbeat momentum to a stable rupee, strong…
The Pakistani Rupee saw little movement against major global currencies on Wednesday, with the US Dollar retaining its position in the open market. According to the latest data, the Dollar was traded at Rs 284.65 for buying and Rs 285.25 for selling. In interbank dealings, the greenback was exchanged at Rs 282.15. The stability followed…
Gold prices in Pakistan dropped on Tuesday, reversing the upward movement seen a day earlier in both local and international markets. According to data released by the All Pakistan Gems and Jewellers Association, the price of gold per tola fell by Rs1,100, settling at Rs356,600. Similarly, the price of 10 grams decreased by Rs943, reaching…
Federal Minister for Petroleum, Mr. Ali Pervaiz Malik was called on by the High Commissioner of Bangladesh to Pakistan, His Excellency Mr. Md. Iqbal Hussain, at the Ministry of Petroleum. The discussions focused on strengthening bilateral cooperation in key sectors, including limestone, coal and petroleum products to foster mutual economic growth and energy security. Minister…
The Pakistan Stock Exchange (PSX) continued its upward momentum on Tuesday, with the benchmark KSE-100 Index climbing beyond the 149,000 mark in early trading. At around 10:10am, the index was recorded at 149,162.07 points, showing a gain of 965.65 points or 0.65% from the previous session. Investors showed strong confidence in sectors such as automobile…
The Pakistani Rupee showed little movement against the US Dollar in trading on Tuesday, with both the interbank and open market rates staying steady. According to data shared by market dealers, the US Dollar was being bought at Rs 284.65 and sold at Rs 285.25 in the open market. Meanwhile, in the interbank system, the…
Fitch Ratings has forecast that economy of Pakistan will strengthen gradually, with real GDP growth expected to rise from 2.5% in 2024 to 3.5% by 2027. The agency linked the improvement to easing inflation, lower interest rates, and steady progress on fiscal reforms. Inflation has sharply declined from a peak of 38% in May 2023…
The Federal Board of Revenue (FBR) has confirmed that the deadline for filing income tax returns for the 2025 tax year will remain September 30 and will not be extended. Officials stated that the filing covers the fiscal period between July 1, 2024, and June 30, 2025. A simplified return form has been introduced for…
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