Pakistani Rupee Registers Marginal Decline Against US Dollar The Pakistani rupee decline by 0.04% against the US dollar on Wednesday in the inter-bank market. The currency closed at 277.96, a decline of Re0.12 compared to the previous day’s rate of 277.84, as reported by the State Bank of Pakistan (SBP). In the open market, the rupee showed mixed trends, losing …
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Introduction Pakistan and the International Monetary Fund (IMF) are making strides in preparatory work for the Resilience and Sustainability Facility (RSF). The RSF aims to address critical economic challenges while fostering long-term sustainability and resilience. This collaborative effort reflects Pakistan’s ongoing commitment to economic reforms and its relationship with the IMF. What Is the Resilience and Sustainability Facility (RSF)? Overview …
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Gold Prices Surge Locally and Globally Gold prices in pakistan have witnessed a significant rise both internationally and within Pakistan, continuing an upward trajectory that has captivated market attention. On Saturday, the international bullion market reported an increase of $22 per ounce, pushing gold to a new high of $2,715 per ounce. Local Markets Feel the Impact The global surge …
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PSX Bull Run: KSE-100 Index Reaches Unprecedented High The Pakistan Stock Exchange (PSX) witnessed a historic rally on Friday, with the KSE-100 index surging by 1,762.80 points (1.81%), reaching a record-breaking intra-day high of 99,091.19 points. This impressive performance extended the bullish momentum seen in recent sessions, showcasing growing investor confidence. Key Drivers Behind the Surge The record-breaking rally was …
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Gold prices saw a significant jump on Monday, impacting both the local and international markets. In Pakistan’s local gold markets, the price of 24-carat gold surged by Rs2,500 per tola, bringing it to a new high of Rs269,900. Similarly, the price per 10 grams increased by Rs2,144, reaching Rs231,396. On the international front, the price of gold per ounce rose …
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As major cities around the world light up with festive decorations in November, urban centers in northern Pakistan prepare for a very different season—a season shrouded in hazardous smog. From November to February, millions face dangerous air pollution levels, with far-reaching health and economic consequences. The smog season, Pakistan’s second-largest health threat after cardiovascular disease, sends thousands to hospitals every …
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Pakistan’s stock market is gearing up for impressive growth in the next couple of years. Research houses have projected that the Pakistan Stock Exchange (PSX) will offer returns between 27% and 37% by December 2025. The benchmark KSE-100 index could hit a record high, rising to 120,000–127,000 points. This bullish outlook comes on the back of improving macroeconomic conditions under …
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In a major stride toward digital transformation, Pakistan is preparing to roll out its first-ever Artificial Intelligence (AI) Policy by early 2025. This ambitious policy focuses on integrating AI to strengthen cybersecurity across sectors, with capabilities to detect and respond to cyber threats in real-time, potentially averting critical data breaches. The AI policy aligns with Pakistan’s goal of becoming a …
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The Pakistan Stock Exchange (PSX) continued its robust rally on Thursday, with the KSE-100 index surpassing the 94,000-point mark during intraday trading. This surge reflects growing investor confidence, driven by economic stability and positive market sentiment towards blue-chip stocks. The day began with a strong 547-point surge, pushing the index to 93,903 points. As the trading session continued, the market …
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The Pakistan Stock Exchange (PSX) rallied to a new all-time high of 93,648 points, propelled by a surge in blue-chip stocks. Investor optimism surged on news of impending privatisation of state-owned enterprises (SOEs) and foreign interest from the MSCI’s recent index weight adjustment for Pakistan. A stable rupee and declining lending rates, influenced by falling government bond yields, further fueled …
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