Category: Featured

Macroeconomic uncertainty continued to weigh on the Pakistan Stock Exchange (PSX) on Tuesday, as heightened volatility persisted a day after the State Bank of Pakistan’s (SBP) decision to maintain the key policy rate at 10.5%. In the morning, trading commenced on a positive note, with the benchmark index gaining momentum in early hours; however, the optimism proved short-lived as selling pressure dominated key sectors. Automobile assemblers, cement, fertiliser, oil and gas exploration companies, oil marketing companies (OMC), power generation, and refinery stocks remained under pressure throughout the session. Read More: Business…

ISLAMABAD: A Chinese technology delegation has expressed interest in exploring long-term partnerships and investment opportunities in Pakistan’s information technology sector, citing the country’s expanding digital ecosystem and the availability of skilled human resources. The two-member delegation from the Leviathan Group, which specialises in big data centres, advanced digital solutions and smart technologies, conveyed its interest during a meeting with Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja, according to a news release. The delegation comprised Mingqian Sun, Chief Executive Officer of Leviathan Technologies, and Dinglin Mei, the group’s…

KARACHI: Macroeconomic uncertainty continued to weigh on the Pakistan Stock Exchange (PSX) on Tuesday as the market remained volatile after the State Bank of Pakistan (SBP), contrary to expectations, left its policy rate unchanged at 10.5%. In the morning, trading commenced on a positive note and following a brief dip the benchmark index touched the intra-day peak at 189,521 in the first hour of trading. However, the optimism proved short-lived as selling pressure pulled the market down, wiping out all the early gains. The KSE-100 index slid to the intra-day…

ISLAMABAD: The International Monetary Fund (IMF) review mission is set to visit Pakistan next month to negotiate the third economic review of the ongoing loan programme. The completion of the third review would unlock the next $1 billion tranche for Pakistan under the programme. According to officials, Pakistan’s economic team has accelerated preparations for the review process and has already shared key economic and fiscal data with the IMF. On the prime minister’s directives, the Ministry of Finance has also decided to redefine negotiation priorities for the upcoming talks with…

KARACHI: Gold prices in Pakistan eased Rs1,500 on Tuesday, diverging from a powerful rally in international markets where bullion surged beyond the historic $5,000 per ounce threshold, driven by intensifying economic and geopolitical uncertainty and sustained safe-haven demand. In the domestic market, the price of gold per tola declined by Rs1,500 to Rs530,562, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold fell by Rs1,286 to Rs454,871. The modest pullback followed Monday’s sharp rally, when gold surged by Rs10,900 per…

Gold and silver prices in Pakistan surged to historic levels on Wednesday following heightened geopolitical tensions and uncertainty in global markets. The spike comes amid strained relations between the European Union and the United States, the arrival of a US aircraft carrier in the Middle East, and Iranian military exercises near the Strait of Hormuz. In the international bullion market, the price of gold per ounce jumped $211 to $5,293. This pushed 24-carat gold per tola in local markets up by Rs21,100 to Rs551,662, setting a one-day record. The price per…