IMF wraps up Pakistan visit following talks with authorities on reforms, budget – Business
The International Monetary Fund (IMF) mission visiting Pakistan has concluded talks with authorities focusing on economic developments, fiscal plans for the next financial year, and progress on reforms under the country’s IMF-supported programmes, the international money lender said in a statement issued early on Thursday. The statement said that the mission visited Islamabad from May […]
PSX gains 1,900 points during intraday trade, maintaining renewed buying – Business
The Pakistan Stock Exchange (PSX) on Wednesday maintained its renewed bullish momentum as the market gained over 1,900 points during intraday trade. The benchmark KSE-100 index gained 1,934.74 points or 1.19 per cent to stand at 164,831.42 points at 3:44pm from the previous close of 162,896.68. The gains came a day after PSX snapped a […]
KSE-100 rises 715 points as buying activity picks up across key sectors
Index touches intraday high of 163,814 amid positive investor sentiment, easing oil prices KARACHI: The Pakistan Stock Exchange (PSX) witnessed a cautious yet positive start to Wednesday’s trading session, with the benchmark KSE-100 Index showing early signs of stability amid improving investor sentiment. The benchmark KSE-100 Index was trading at 163,611.87 with gains of 715.19 […]
PSX plunges by nearly 3,800 points as investors remain cautious amid geopolitical tensions – Business
The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by nearly 3,800 points. The KSE-100 index declined by 3,791.05 points or 2.29 per cent to close at 161,805.02 points from the previous close of 165,596.07. The market traded in red the entire day, recording an intraday […]
PSX loses 2,000 points during intraday trade as bearish momentum persists – Business
The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by over 2,000 points during intraday trade. The KSE-100 index declined by 2,171.16 points or 1.31 per cent to stand at 163,424.91 points from the previous close of 165,596.07 points. Most Asian shares were lower in morning […]
The US-Israeli war on Iran has cost companies around the world at least $25bn, with the bill continuing to climb – Business
The US-Israeli war on Iran has already cost companies around the world at least $25 billion — and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. […]
Oil touches two-week high after drone attack on UAE nuclear power plant – Business
Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald Trump is expected to discuss military options on Iran. Brent crude futures climbed $2.01, or 1.84 per cent, to $111.27 […]
Situationer: Panda Bond: financial breathing space or catalyst for reform? – Business
PAKISTAN’S successful debut in China’s onshore bond market through the issuance of its first-ever Panda Bond is undoubtedly an important financial milestone. Raising RMB1.75 billion at a remarkably low 2.5 per cent coupon — far below the cost of Pakistan’s conventional external borrowing — reflects improving investor sentiment towards the country’s macroeconomic stability. The more […]
IMF sets Rs17.1tr federal revenue target for 2026-27 – Business
• Proposes Rs430bn new budgetary measures• Suggests 18pc hike in petroleum levy target• Asks provinces to mobilise extra Rs430bn• Links power tariff relief to BISP• Sees economic growth at 3.5pc• Estimates average inflation at 8.4pc• Seeks hike in BISP payment to Rs18,000 with 40pc population vulnerable ISLAMABAD: With Rs430 billion in new budgetary measures and […]
Gold prices in Pakistan Today
KARACHI: Gold and silver prices declined in both international and domestic markets on Saturday. In the international bullion market, the price of gold fell by $6 per ounce to $4,539. According to the All-Pakistan Gems and Jewellers Sarafa Association, in the local market, the price of gold per tola decreased by Rs600 to Rs476,262. The […]