The price of 24 karat per tola gold increased by Rs 4,000 and was sold at Rs 303,000 on Monday against its sale at Rs 299,000 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 3,429 to Rs 259,773 […]
Business
Rupee sheds 17 paisa against dollar
Pakistani rupee on Monday depreciated by 17 paisa against the US dollar in the interbank trading and closed at Rs279.21 against the previous day’s closing of Rs279.04.Pakistani cuisine recipes. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and […]
Over 100 Pakistani IT companies participating in LEAP 2025
Pakistani IT companies are aggressively exploring new and emerging tech markets particularly the Kingdom of Saudi Arabia (KSA), as more than 100 firms providing IT and IT-enabled services are participating in LEAP 2025, one of the world’s major tech trade fairs, being held in Riyadh, Saudi Arabia. More than 1,000 delegates from Pakistan are attending […]
Workers’ remittances surge 25pc in January to $3bn
Workers’ remittances recorded an inflow of $3 billion in January 2025, witnessing a 25.2% increase compared to the same period last year, according to data released by the State Bank of Pakistan (SBP). Cumulatively, remittances for the first seven months of FY25 (Jul-Jan) surged to $20.8bn, compared to $15.8bn in 7MFY24, up by 31.7%. Saudi […]
Exports to Afghanistan increase by 92pc to $504m
Pakistan’s export of goods and services to Afghanistan witnessed an increase of 92.05 percent during the first six months of the fiscal year (2024-25) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported. The overall exports to Afghanistan were recorded at US $504.308 million during July-December […]
SECP grants license to first digital, online-only securities broker
The Securities and Exchange Commission of Pakistan (SECP) had granted license to Tamkeen Securities (Pvt) Ltd, Pakistan’s first fully digital, online-only securities broker, marking a significant milestone. The award of license marked a significant leap toward modernizing Pakistan’s capital markets, enhancing accessibility, and democratizing investment opportunities for retail and institutional investors nationwide, said press release […]
PSDP 2024-25: Govt releases Rs628.89bn in seven months
The government has authorized the utilization of development funds amounting to Rs 628.891 billion, out of a total allocation of Rs1100 billion, for various ongoing and new social sector uplift projects of the federal ministries and divisions during the first seven months (July-January) of the fiscal year 2024-25 under its Public Sector Development Programme (PSDP). […]
PSX continues the bullish trend as KSE-100 gains 568 points in early trading
The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Tuesday, with the benchmark KSE-100 index surging by 568 points, marking a 0.51 percent increase shortly after the market opened. With this sharp rise, the KSE-100 index climbed to 111,946.30 points. On Monday, the index had also experienced a strong bullish trend, gaining 1,055.03 points—a […]
Pakistan ICT exports reach $1.86 billion, up 28%: Minister
Pakistan and Saudi Arabia further expanded their digital and economic collaboration at the Pak-Saudi Business Forum, held on the sidelines of LEAP 2025. The forum witnessed a large gathering of Pakistani and Saudi business leaders, government officials, and technology experts. Among the distinguished attendees was Deema Al Yahya, Secretary-General of the Digital Cooperation Organization (DCO), […]
Private sector lending suffers as banks’ investment reaches Rs26tr in govt papers
The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has stated that the massive investment in government papers leave little room for lending to the private sector, as the banks’ investments in government papers reached Rs26 trillion by December 2024, contributing 57.6 percent to the central government’s domestic debt. The BMP Chairman […]