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The “Pakistan blockchain adoption” initiative has gained major momentum as World Liberty Financial (WLF), backed by former US President Donald Trump, signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC) to expand blockchain and decentralized finance (DeFi) innovation across Pakistan. Historic Partnership to Drive Blockchain Growth World Liberty Financial’s delegation, featuring …
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The gold price dip continued on Friday, sliding below $3,300 as uncertainty surrounding US-China trade relations unsettled markets. Despite US President Donald Trump’s claims of active trade talks with Chinese President Xi Jinping, Beijing firmly denied that any discussions are currently underway. Market Volatility Driven by Mixed Signals Gold (XAU/USD) extended its losses as traders …
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The global economy faces rising uncertainty as the International Monetary Fund (IMF) calls on the United States to finalize trade agreements swiftly. IMF Managing Director Kristalina Georgieva, speaking during the IMF’s spring meetings in Washington, warned that unresolved trade tensions, particularly those stemming from former President Donald Trump’s tariff policies, are threatening global growth. Uncertainty …
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The State Bank of Pakistan (SBP) has released its annual Financial Stability Review (FSR) for 2024, highlighting a notable recovery in the country’s economic and financial landscape. The report, mandated under Section 39(3) of the SBP Act, 1956, evaluates the performance, risks, and resilience across key financial segments including banks, microfinance banks (MFBs), development finance …
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The Pakistan Stock Exchange (PSX) witnessed a steep fall on Thursday as rising tensions with India sparked panic selling across the capital market. Investors dumped shares amid fears of further escalation, erasing much of the week’s earlier gains. The benchmark KSE-100 Index plunged to an intraday low of 114,661.20, down 2,564.94 points or 2.19% from …
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A dramatic gold price crash in Pakistan shocked traders on Wednesday as rates tumbled by Rs11,700 per tola, wiping out earlier gains from record highs. The plunge mirrored declines in international markets, fueled by easing global tensions and improved investor confidence. Major Drop After Record High Gold prices in Pakistan fell sharply, with the per …
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The Pakistan gold price climbed sharply on Tuesday, reflecting both domestic demand and rising global safe-haven interest. According to FXStreet data, gold prices surged due to growing concerns over global economic stability and ongoing geopolitical tensions. As investors turn to gold as a secure asset, the commodity continues to break price records across international and …
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The Banking Mohtasib Pakistan has delivered a strong message about the rising number of bank fraud complaints in Pakistan. In 2024, the institution provided relief of nearly Rs. 1.65 billion to customers. This increase reflects growing concerns surrounding digital fraud, account blockages, and poor customer service. Increasing Complaint Volumes Banking Mohtasib Sirajuddin Aziz announced that …
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In a major achievement for consumer protection, the Banking Mohtasib of Pakistan resolved 27,753 complaints in 2024, offering financial relief of Rs. 1.65 billion to affected bank customers. This reflects a substantial increase compared to 2023, when 25,493 complaints were resolved with Rs. 1.26 billion in customer relief. Rising Complaints, Stronger Resolution During a press …
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If you’re tracking the gold price in Pakistan, today’s update is essential. Gold rates continue to shift in response to global market dynamics, currency exchange fluctuations, and local demand. On April 21, 2025, these changes are once again reflected in local Sarafa markets across major cities. Current Gold Rates Across Pakistan Today, the price of …
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India’s gold price forecast is turning more bullish than ever, as experts predict rates may soon touch Rs 1 lakh per 10 grams. With global economic instability on the rise, investors are rushing toward the safety of gold, causing prices to climb rapidly. Tariff Tensions and Recession Fears The surge in gold prices is closely …
Continue reading “Gold Prices May Hit Rs 1 Lakh Amid Trump Tariffs”
After minor fluctuations earlier this week, the gold price in Pakistan remained unchanged on Saturday, providing a brief sense of stability to traders and investors. Market observers reported no shift in rates across major gold categories, both in local and international markets. Rates Hold Steady Across the Board On Saturday, the price of 24-karat gold …
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KARACHI, April 19, 2025: In a major push towards digital transformation, Deputy Governor of the State Bank of Pakistan (SBP), Mr. Saleemullah, inaugurated the ‘Go Cashless’ campaign at a bustling local mall in Clifton, Karachi. Organized in collaboration with 12 leading financial institutions, the campaign aims to raise awareness among vendors and consumers about the …
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Karachi – April 19, 2025: The Pakistan Stock Exchange (PSX) has released its monthly performance rankings for brokerage firms for the month of March 2025, recognizing top players across multiple performance categories. The rankings highlight key firms excelling in account activity, traded volume, traded value, new UINs, and overall investor engagement. Top 10 Brokers – …
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The gold price in Pakistan today remained largely unchanged on Friday, according to the latest figures from FXStreet. Market data showed that gold prices were stable in local markets, reflecting minimal movement in international rates and steady USD/PKR exchange values. Current Gold Rates in Pakistan On April 18, 2025, the price of gold per gram …
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DUBAI/LONDON – April 16, 2025: In a groundbreaking move set to reshape global tourism marketing, the Dubai Corporation for Tourism and Commerce Marketing (Visit Dubai) has partnered with award-winning agency Beautiful Destinations to unveil the Beautiful Destinations Academy, Powered by Dubai — the world’s first professional college dedicated to training travel content creators. This industry-first …
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ISLAMABAD: Pakistan achieved a major economic milestone in March 2025, recording a record-breaking $1.2 billion current account surplus, according to the latest data released by the State Bank of Pakistan (SBP). This historic monthly surplus marks a sharp reversal from the deficits posted in January and February, signaling a potential recovery in the country’s external …
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Pakistan’s foreign reserves remain steady despite external debt obligations, reflecting cautious management of the country’s external finances. As of April 11, 2025, the State Bank of Pakistan (SBP) reported total liquid foreign reserves at $15.66 billion, providing a crucial buffer for economic stability and international payments. Breakdown of Foreign Reserves According to the SBP’s latest …
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China on Wednesday lashed out at the United States after the White House confirmed tariffs on some Chinese goods had surged to 245%. Beijing called the move “irrational” and accused Washington of using pressure tactics and intimidation. The White House defended the hike, saying the tariffs were a response to Beijing’s trade practices. A statement …
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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”
