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Pakistan Stock Exchange (PSX) welcomed a delegation from the Scientific Foundation for Financial Transactions (SFFT) Iraq to strengthen cooperation in Islamic finance. The meeting focused on enhancing Islamic capital markets and fostering financial innovation. Strengthening Ties in Islamic Finance A high-level Iraqi delegation of scholars visited the PSX to explore opportunities in Islamic finance. SFFT, …
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Global stock markets tumbled after the US imposed tariffs on imports from China, Canada, and Mexico. President Donald Trump announced 25% tariffs on Canadian and Mexican goods and 20% on Chinese imports, sparking fears of a trade war. In response, China and Canada retaliated with their own import taxes, while Mexico prepared countermeasures. Markets across …
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Pakistan is well positioned for the first review of its $7 billion IMF bailout, according to Finance Minister Muhammad Aurangzeb. As talks between the International Monetary Fund (IMF) and Pakistan begin, the government remains optimistic about meeting the programme’s conditions. The review will determine Pakistan’s progress and set the stage for future financial decisions. IMF …
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Gold prices have seen a significant increase, with the price of one tola gold rising by Rs. 1,500 in the local market. This surge has pushed the new price to Rs. 315,500 per tola, affecting both investors and jewelry buyers. Gold Prices Rise Across All Categories The price of 10 grams of gold has also …
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The State Bank of Pakistan (SBP) may announce a 50-basis-point (bps) interest rate cut in its upcoming Monetary Policy Committee (MPC) meeting on March 10, according to Arif Habib Limited (AHL). The falling inflation rate has created room for further monetary easing, but the central bank faces a delicate balancing act between economic growth and …
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In a relief for consumers, the fuel price reduction in Pakistan has been announced, cutting petroleum prices by up to Rs5.31 per litre for the next two weeks. The adjustment, effective immediately, follows a review by the Oil and Gas Regulatory Authority (Ogra) based on international market trends. The government also lowered liquefied petroleum gas …
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Gold prices in Pakistan experienced a notable decline on Thursday, February 27, 2025. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola decreased by Rs3,300, settling at Rs303,000. Similarly, the price for 10 grams of 24-karat gold dropped by Rs2,829, reaching Rs259,773. For 22-karat gold, the rate for …
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Bitcoin has plunged below $80,000, extending a broader cryptocurrency selloff that has wiped out $1 trillion from the market. The leading digital asset is now down 25% from its December all-time high of nearly $110,000, raising fears of further losses. Crypto market volatility has intensified due to economic uncertainty, global conflicts, and concerns over U.S. …
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Pi Coin’s surge has caught the attention of crypto investors, skyrocketing 293% since its launch. This growth has outpaced established cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The primary drivers behind this rally include the launch of Pi Network’s Open Mainnet and the possibility of Pi Coin being listed on major exchanges like Binance. Investor enthusiasm …
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The Islamabad High Court (IHC) has blocked Greentree Holding from acquiring TRG Pakistan shares, citing legal violations and market dominance concerns. The ruling, issued on February 26, 2025, follows objections from the Securities and Exchange Commission of Pakistan (SECP) and the Competition Commission of Pakistan (CCP), which raised alarms over compliance with the Companies …
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Pakistan and Uzbekistan agreed to increase bilateral trade from $400 million to $2 billion. The commitment was made during Prime Minister Shehbaz Sharif’s visit to Uzbekistan. Both sides pledged to strengthen ties in investment, connectivity, and tourism. Prime Minister Shehbaz and Uzbek President Shavkat Mirziyoyev held one-on-one and delegation-level talks. They discussed trade, economic cooperation, …
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KARACHI: The gold price in Pakistan continues to remain stable as per the latest updates from the Pakistan Sarafa Market. On Wednesday, 26 February 2025, the per tola gold rate was recorded at Rs. 312,600, while the per gram price stood at Rs. 26,800 for 24K gold. The breakdown of gold prices for different purities …
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KARACHI: Gold and silver prices in Pakistan remained stable on 25 February 2025, as per the latest market updates. The price of 10 grams of gold stood at Rs. 267,920, while one tola of gold was priced at Rs. 312,500. Despite fluctuations in the international market, local prices showed no significant change. Gold Prices in …
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Gold rates surged to a record high on Monday, February 24. This rise occurred in Pakistan and international markets. Safe-haven demand drove the increase. Investors rushed to buy bullion amid global uncertainty. The price of 24 karat gold per tola jumped by Rs1500. It hit an all-time high of Rs309,500. This is a rise from …
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The Pakistan Stock Exchange (PSX) has witnessed an unprecedented rally, sparking speculation about whether the KSE-100 index could reach 150,000 points. While government officials highlight economic improvements, many remain skeptical. However, investors in PSX are enjoying significant returns, with the index soaring from 40,000 to nearly 120,000 points. The question now is: can this momentum …
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The Africa-1 submarine cable has officially connected to Pakistan’s internet infrastructure, marking a major advancement in digital connectivity. The 10,000-kilometer-long high-capacity cable links Pakistan to Saudi Arabia, the UAE, Egypt, and France, enhancing the country’s global internet access. This initiative comes as a relief for users facing frequent disruptions in recent months. A Game-Changer for …
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Gold prices surged on Saturday, February 22, 2025. The rate for 24-karat gold per tola increased by Rs. 1,000, reaching Rs. 308,000. The price for 10 grams of 24-karat gold rose by Rs. 857, now standing at Rs. 264,060. 22-karat gold per 10 grams also gained Rs. 785, settling at Rs. 242,063. International Gold Prices …
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Gold prices in Pakistan declined after reaching a record high on Thursday. As on Friday, February 21 2025: Gold Rate 24K Gold 22K Gold 21K Gold 18K Gold per Tola Gold Rs. 306300 Rs. 280773 Rs. 268013 Rs. 229725 per 10 Gram Rs. 262600 Rs. 240715 Rs. 229775 Rs. 196950 per Gram Gold Rs. 26260 …
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Lotte Chemical Korea has finalized a deal to divest its entire stake in Lotte Chemical Pakistan Limited (LCPL). The sale, announced on February 19, 2025, transfers the company’s 75.01% ownership to AsiaPak Investments Limited and Montage Oil DMCC. This move is part of Lotte Chemical Korea’s business portfolio transformation strategy. Share Purchase Agreement Details In …
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Karachi Port has taken a significant step toward sustainable logistics by inducting electric trucks (e-trucks) for port operations at the South Asia Pakistan Terminal (SAPT), managed by Hutchison Ports Pakistan. This eco-friendly initiative makes Karachi Port the first port in Pakistan to deploy electric trucks, setting a new benchmark for environmental responsibility in port operations. …
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is expected to approve a Rs2 per unit reduction in electricity tariff under fuel cost adjustment (FCA) for January 2025. The Central Power Purchasing Agency Guarantee Limited (CPPA-G) has submitted a petition proposing a refund of Rs2.32 per unit to consumers. CPPA-G Seeks Approval for Tariff Reduction …
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Gold prices in Pakistan surged again, reaching a record high on Thursday, February 20, 2025. According to the Pakistan Sarafa Market, the price of 24K gold per tola is now Rs. 309,000, marking another significant increase. The rate for 10 grams of 24K gold stands at Rs. 264,922.2, while the 1-gram gold rate is Rs. …
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The Pakistan Stock Exchange (PSX) continued its rally, fueled by surging oil prices, foreign investment pledges, and hopes for further monetary easing. Investor confidence strengthened as the KSE-100 Index climbed 253.96 points, closing at 113,342.43, with the keyword “economic optimism” driving market sentiment. Key Gains in KSE-100 Index The KSE-100 Index reached an intraday high …
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