Pakistani rupee on Wednesday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs279.46 against the previous day’s closing of Rs279.36. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.85 and Rs 281.35, […]
Business
Gold up by Rs.3,800 per tola to reach record level of Rs.308,000
The price of 24 karat per tola gold increased by Rs.3,800 and was sold all time high at Rs 308,000 on Wednesday against its sale at Rs 304,200 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of 10 grams of 24 karat gold also increased by Rs 3,258 to […]
Pakistan seeks sustainable growth as finmin highlights structural reforms
Finance Minister Muhammad Aurangzeb said the government seeks to leverage structural reforms and regional connectivity to ensure sustainable economic expansion. In an interview with Asharq and Bloomberg on the sidelines of the AlUla Conference for Emerging Market Economies 2025, the finance minister highlighted Pakistan’s economic outlook, ongoing structural reforms, and the country’s commitment to regional […]
Pakistan offers 40 offshore, 31 onshore blocks for oil, gas exploration
Federal Minister for Petroleum, Dr. Musadik Malik said on Tuesday that, after a decade, 40 new offshore and 31 onshore blocks have been offered for oil and gas exploration. Speaking at the 30th Annual Technical Conference and Oil Show, he said that a significant portion of Pakistan’s natural resources remains unexplored and invited international investors […]
Rupee sheds 10 paisa against dollar
Pakistani rupee on Tuesday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs279.36 against the previous day’s closing of Rs279.26. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.85 and Rs 281.35, […]
PSX snaps losing streak with 1,344-point gain
The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 1,344.95 points, a positive change of 1.20 percent, closing at 113,088.48 points as compared to 111,743.53 points on the last trading day. A total of 545,005,593 shares were traded during the day as compared to 511,194,686 shares the previous […]
Gold dip by Rs1,000 per tola to Rs304,200
The price of 24 karat per tola gold increased by Rs.1,000 and was sold at Rs 304,200 on Tuesday against its sale at Rs 303,200 on previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of 10 grams of 24 karat gold also increased by Rs 857 to Rs 260,802 from […]
Nishat Chunian executes amended agreement; Pakgen Power ends PPA
Nishat Chunian Power Limited (NCPL), an Independent Power Producer (IPP), has formally executed the Amendment Agreement reached with the government last year. The IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “Further to our letter No. NCPL/PSX/10081-82 dated December 04, 2024, we would like to inform you that […]
Record $420m current account deficit posted in January 2025
After registering surpluses in the last five months, Pakistan’s current account posted a deficit of $420 million in January 2025, a significant increase of 4% when compared with the deficit of $404 million in the same month of the previous year, data released on Tuesday by the State Bank of Pakistan (SBP) showed. This is […]
Pakistan, Bahrain vow deepen trade, agricultural, tech ties
Pakistan and Bahrain on Tuesday reaffirmed their dedication to enhancing bilateral trade and economic cooperation during a session of the Pakistan-Bahrain Parliamentary Friendship Group (PFG) held in Islamabad. The Bahraini delegation, led by Second Deputy Speaker Ahmed Abdul Waheid Qarata, stressed the importance of translating longstanding diplomatic and defense ties into stronger commercial partnerships. Discussions […]