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Karachi: Gold prices skyrocketed on Wednesday, reaching a new all-time high in both local and international markets. Investors and traders witnessed a significant spike amid global economic uncertainty and rising demand for safe-haven assets. In the local bullion market, the price of gold per tola surged by Rs8,600, hitting Rs348,000. This marks the highest-ever recorded …
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ISLAMABAD: The federal government has decided to maintain current petroleum prices for the next fortnight, effective from April 16, 2025, according to a notification issued on Tuesday. As per the announcement, petrol will continue to be sold at Rs254.63 per litre, while high-speed diesel (HSD) remains unchanged at Rs258.64 per litre. PM Shehbaz: Savings to …
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ISLAMABAD: The Government of Pakistan is planning tax relief measures for the salaried class and real estate sector in the upcoming federal budget for FY2025-26. However, any final decision will depend on approval from the International Monetary Fund (IMF), according to official sources. As the Finance Ministry prepares the budget, high-level talks are underway. These …
Continue reading “Pakistan Considers Tax Relief for Salaried Class, Seeks IMF Nod Before Final Move”
Islamabad, April 15 — Fitch Ratings on Monday upgraded Pakistan’s long-term foreign-currency issuer default rating to ‘B-’ from ‘CCC+’, reflecting improved fiscal management, stabilised external accounts, and stronger economic policymaking. The outlook remains stable. The upgrade signals renewed investor confidence in Pakistan’s ability to enforce reforms under its ongoing International Monetary Fund (IMF) programme. The …
Continue reading “Fitch Upgrades Pakistan’s Credit Rating to ‘B-’, Cites Economic Recovery”
ISLAMABAD: In a major relief for power consumers, the National Electric Power Regulatory Authority (NEPRA) has approved a Rs1.71 per unit reduction in electricity tariffs across Pakistan, including Karachi. The price cut will apply from April to June 2025, easing the burden of rising inflation. This decision follows a formal request from the federal government, …
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PESHAWAR: The much-anticipated Rs750 Prize Bond Draw 102 is happening on April 15, 2025, at the National Savings Office in Peshawar. This draw gives thousands of participants a chance to win big cash prizes, including a grand reward of Rs1.5 million. First Prize Worth Rs1.5 Million The draw will take place on Tuesday morning, with …
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Remittance inflows to Pakistan surged to an all-time high of $4.1 billion in March 2025, offering a much-needed boost to the country’s economy. The State Bank of Pakistan (SBP) confirmed the record-breaking figure, with Saudi Arabia leading the list of top contributors. This development signals a strong turnaround in Pakistan’s external account position amid ongoing …
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Gold price volatility is back in focus as the keyword “trade tariff impact” continues to shake investor confidence. On Monday, gold prices retreated slightly from record highs. This dip came as the U.S. signaled partial relief from strict trade tariffs on Chinese imports. However, ongoing tensions between Washington and Beijing kept markets cautious. Mild Recovery …
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Oil prices jumped significantly on Friday amid rising concerns over potential Iranian oil export restrictions. Brent and West Texas Intermediate (WTI) crude both surged over $1 following remarks from US Energy Secretary Chris Wright, who hinted at a possible complete halt to Iran’s oil exports. The move aims to pressure Tehran over its nuclear program, …
Continue reading “Global Oil Market Reacts as US Signals Crackdown on Iranian Crude Exports”
Karachi – April 11, 2025: Gold prices in Pakistan skyrocketed on Thursday, recording the highest-ever single-day increase in history. The price of per tola gold surged by Rs10,000, hitting a new record of Rs338,800. This massive jump has shaken both the local market and consumers nationwide. Gold Hits All-Time High in Pakistan In Karachi’s local …
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The Pakistan Stock Exchange (PSX) staged a strong recovery on Thursday, rallying over 2,000 points after US President Donald Trump temporarily suspended tariffs on dozens of countries — except China — for 90 days. The move eased investor concerns and brought relief to markets worldwide, including the KSE-100 index, which mirrored the global bounce-back. Market …
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The PSX market crash intensified on Wednesday as the benchmark KSE-100 Index plummeted by 1,379 points, closing at 114,153.15. This 1.19% drop reflects the mounting investor anxiety surrounding Pakistan’s economic outlook and deepening global trade tensions. The day’s sharp decline underscored the bearish sentiment dominating the trading floor. Market Volatility Returns Throughout the session, the …
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Islamabad: Federal Minister for Commerce Jam Kamal Khan held a high-level meeting with leading exporters to address concerns over the U.S. tariff policy and its impact on Pakistan’s trade. The session aimed to chart a unified strategy to safeguard Pakistan’s exports. The meeting brought together representatives from key export sectors. These included textiles, garments, leather, …
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Karachi: National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. Muhammad Ali Tabba, Chairman of NRL and CEO of Lucky Cement, announced the breakthrough at the Pakistan Minerals Investment Forum 2025. NRL is a 100% Pakistani-owned private company. It operates under Fatima Fertilizer, Liberty Mills Limited, and Lucky Cement. The company was granted …
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In a turbulent start to the week, the KSE-100 Index at the Pakistan Stock Exchange (PSX) plummeted by nearly 3,900 points on Monday. The dramatic drop was fueled by rising fears over global trade tensions, particularly the reintroduction of Trump-era tariffs, along with growing uncertainty surrounding domestic economic policies. Sharp Losses Shake Investor Confidence The …
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ISLAMABAD: Bushra Bibi, wife of PTI founder Imran Khan and former first lady of Pakistan, has approached the Islamabad High Court (IHC) seeking improved facilities in Adiala Jail. She is currently serving a seven-year sentence in the high-profile £190 million corruption case. Bushra Bibi filed the petition through her legal team, asking the court to …
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In a sharp market downturn, crude oil prices tumbled to their lowest levels since the 2021 pandemic. The steep drop was triggered by rising tensions in the global trade war, especially between the United States and China, sparking fears of economic slowdown and reduced demand. China’s Tariff Response Sparks Global Shockwaves On Friday, oil markets …
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Gold prices took a sharp hit on Thursday, falling 1.50% as investors reacted to the latest tariff announcement by the U.S. President Donald Trump’s reciprocal tariff policy triggered widespread market volatility, pushing traders to take profits and sell off gold holdings. At the time of writing, gold (XAU/USD) had dropped to $3,095, slipping below key …
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Karachi: Rafique Suleman, former Chairman of the Rice Exporters Association of Pakistan (REAP) and Convener of the FPCCI Rice Standing Committee, has called for further reductions in electricity prices. He appreciated Prime Minister Mian Shahbaz Sharif’s recent announcement to lower electricity prices for industrial users by PKR 7.59 to PKR 40.60 per unit and for …
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The KSE-100 Index posted an impressive 5.2% return during Ramazan 2025, marking its second-best performance for the holy month since 2015. This surge reflects growing investor confidence and a strong market rally. A Decade of Market Trends Historical data indicates that the average return for KSE-100 during Ramazan over the past ten years has been …
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Gold prices have surged to an all-time high, reaching $3,127.88 per ounce. Investors are turning to the precious metal as economic uncertainties and trade policies fuel market volatility. Since the start of 2025, gold has gained nearly 19%, continuing its upward trend from 2024, when it saw a 27% increase. Steady Growth in Gold Value …
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Gold prices have surged to historic levels, reaching new highs in both local and international markets. The rise is driven by global economic uncertainty and upcoming US trade policies, making gold a preferred safe-haven asset. Gold Prices Break Records Worldwide On Saturday, the price of gold per ounce in the international market increased by $10, …
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Chinese President Xi Jinping reaffirmed China’s commitment to globalization, telling top business leaders that despite rising trade tensions, economic integration remains inevitable. His remarks come as China faces mounting pressure from U.S. tariffs and geopolitical uncertainties. Xi Stresses the Need for Multilateralism Speaking at the Great Hall of the People in Beijing, Xi met with …
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