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WASHINGTON – The International Monetary Fund (IMF) has defended its recent $1.4 billion disbursement to Pakistan, rejecting Indian objections and confirming that Islamabad met all necessary conditions. Speaking at a press briefing on Thursday, IMF spokesperson Julie Kozack said Pakistan had achieved all performance targets under the Extended Fund Facility (EFF). She clarified that the …
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Karachi: Pakistan’s stock market continued its strong upward streak on Thursday. The KSE-100 Index surged to a new all-time high in early trade, reflecting strong investor confidence across key sectors. The Pakistan Stock Exchange’s (PSX) benchmark index climbed to 120,699.17 points. That marked a gain of 767.72 points, or 0.64%, from the previous close of …
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A strong PSX rally on Wednesday saw the benchmark KSE-100 Index climb by over 950 points, marking a sharp recovery fueled by investor optimism ahead of the FY26 budget. The index closed at 119,931.45, gaining 960.33 points or 0.81%, after touching an intra-day high of 120,106.21. Investor Confidence Returns After a dip in the previous …
Continue reading “PSX Surges as Buying Rally Lifts KSE-100 by Over 950 Points”
To ease the rush of cash transactions during Eid ul Adha, the State Bank of Pakistan (SBP) has launched a countrywide campaign promoting digital cattle payments. The “Go Cashless” initiative, which began on May 19, 2025, aims to digitize buying and selling in 54 designated cattle markets nationwide. Boosting Digital Transactions The campaign will run …
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The International Monetary Fund (IMF) has revised Pakistan’s GDP forecast for the fiscal year 2024-25 down to 2.6%, citing weak economic activity in the first half and global uncertainty. The earlier projection in October stood at 3.2%. Sluggish Growth in First Half The IMF’s review noted growth slowed in the first two quarters of the …
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The Pakistan Stock Exchange (PSX) will remain closed on Wednesday, May 28, 2025, to observe Youm-e-Takbeer — the day Pakistan became a nuclear power. The government has declared it a public holiday nationwide. Official Market Closure Announced The PSX issued an official notification on Monday confirming that trading activities will be suspended for the day. …
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Gold prices in Pakistan remained stable on May 19, 2025, as investors closely monitored international market trends and domestic demand. The rates, shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), reflected a balanced trend after recent fluctuations. Per Tola and 10-Gram Rates According to the APGJSA, the price of 24-karat gold stood at …
Continue reading “Gold Prices Hold Steady in Pakistan Amid Global Market Watch”
Karachi, 19 May 2025 — The National Bank of Pakistan (NBP) has completed a significant upgrade of its core banking technology. This move aims to enhance customer service, strengthen digital security, and modernize operations across its network. The state-owned financial institution implemented this upgrade as part of its broader innovation strategy. The new system accelerates …
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The International Monetary Fund (IMF) has introduced fresh structural benchmarks for Pakistan’s upcoming budget. The conditions aim to reform trade, taxation, energy, and industrial incentives. These reforms are part of Pakistan’s commitment under the IMF’s Extended Fund Facility (EFF) and the newly agreed Resilience and Sustainability Facility (RSF). One of the IMF’s key demands is …
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Gold prices in Pakistan experienced a downward shift on May 17, 2025, reflecting recent global market movements. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), both per tola and 10-gram rates declined, signaling relief for buyers and investors watching international trends. Domestic Market Rates As per APGJSA, the price of 24-karat gold per …
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In a major step towards sustainable finance, Pakistan launched its first Sovereign Domestic Green Sukuk at the Pakistan Stock Exchange (PSX) on May 16, 2025. The event was marked by a gong ceremony, celebrating a landmark moment in the country’s shift toward environmentally responsible investing. Strong Investor Response The three-year variable rental rate Green Sukuk …
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The gold price in Pakistan dropped notably on May 16, 2025, bringing some relief to buyers and investors alike. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the rates saw a sharp dip both per tola and per 10 grams. New Rates Announced As of Thursday, the price of gold …
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KARACHI: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, has announced the launch of Pakistan’s first Green Sukuk bond, aimed at financing environmentally sustainable projects. Speaking via video link at the Pakistan Stock Exchange (PSX), the minister congratulated the PSX team as the market closed at a record high, reflecting strong investor confidence. Step Toward …
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Gold prices witnessed a major decline in both local and international markets, giving much-needed relief to buyers in Pakistan. The latest shift in gold prices saw a sharp fall of Rs6,700 per tola in the local market. Gold Price in Pakistan Sees Notable Drop According to market updates, the price of gold per tola in …
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KARACHI: Bulls dominated the Pakistan Stock Exchange (PSX) on Thursday. Investor sentiment rebounded strongly after a slight dip in the previous session. The benchmark KSE-100 Index surged by 1,112.68 points. It closed at 119,649.20, marking a solid gain of 0.94% from Wednesday’s close of 118,536.52. The index touched an intraday low of 118,871.13 before rallying. …
Continue reading “Bulls Return to PSX as KSE-100 Gains Over 1,100 Points”
The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Tuesday. The benchmark KSE-100 Index surged past the 120,000 mark again, fueled by a ceasefire with India, IMF funding approval, and hopes for tax relief in the upcoming federal budget. Investor confidence remained strong following Monday’s historic session. Markets opened with momentum as diplomatic progress …
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The PSX market rally stunned investors on Monday as the index opened at an all-time high, surging 9.26% or 9,929 points. This historic jump came on the heels of a truce between Pakistan and India, which restored investor confidence and fueled aggressive buying across all sectors. Ceasefire Boosts Investor Confidence The surprise ceasefire agreement between …
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In a record-breaking trading session, the Pakistan Stock Exchange surge shocked investors on Monday by gaining over 10,000 points in a single day—marking a rise of 9.47%, the highest single-day jump in the exchange’s history. Market Euphoria Follows Ceasefire Stability Investor confidence surged following signs of regional stability after the India-Pakistan ceasefire held firm over …
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The Pakistan Stock Exchange (PSX) witnessed a record-breaking rally on Monday. The KSE-100 Index surged by 9,926 points in a single session. With this sharp rise, the index soared to an all-time high of 117,104 points. This marks one of the largest single-day gains in the history of Pakistan’s financial markets. Trading Temporarily Halted Due …
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The gold market in Pakistan continued to show signs of volatility on May 10, 2025, as ongoing regional tensions influenced investor sentiment. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), rates experienced slight fluctuations, reflecting uncertainty in both local and global markets. Latest Gold Prices Announced On Saturday, the price of 24-karat gold …
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Indian shares tumbled for the second consecutive session on Friday. Investors pulled out heavily amid rising military tension between India and Pakistan. The total market value plunged by nearly $83 billion. The fall followed intensified cross-border attacks. The conflict began on Wednesday when India struck several “terrorist infrastructure” sites in Pakistan. The move came in …
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ISLAMABAD: Pakistan has secured a major financial boost as the International Monetary Fund (IMF) approved a $1 billion second tranche under the Extended Fund Facility (EFF). This decision comes at a time when regional tensions with India have escalated. The announcement was made in an official statement by the IMF Executive Board on May 9, …
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The Pakistan Stock Exchange (PSX) opened on a positive note Friday, bouncing back from Thursday’s historic crash. Early trading showed signs of calm, helping investors regain some confidence. The benchmark KSE-100 Index surged to an intraday high of 105,946.01 points, rising by 2,419.2 points or 2.33% from the previous close of 103,526.81. However, the market …
Continue reading “PSX Rebounds Strongly After Record Crash, Gains Over 2,400 Points”
