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The gold price in Pakistan continues to shift in response to international market dynamics, with fresh updates released for May 05, 2025. These rates, determined by local Sarafa markets across major cities, offer a daily snapshot of investor sentiment and global economic pressure. Current Gold Prices According to the latest figures from Karachi, Lahore, Islamabad, …
Continue reading “Gold Rates Surge in Pakistan Amid Global Market Volatility”
In a landmark move signaling the end of an era, Warren Buffett’s retirement as CEO of Berkshire Hathaway was announced at the company’s annual shareholders’ meeting on May 3. At age 94, Buffett confirmed he will step down by year-end, with Vice Chairman Greg Abel taking over the top role. The decision came as a …
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ISLAMABAD: Pakistan has officially barred all Indian-flagged vessels from entering its ports and territorial waters in direct response to India’s recent decision to impose a similar restriction on Pakistani ships, news were reported on Sunday. The Ministry of Maritime Affairs issued the notification, citing national security and escalating regional tensions as key reasons. Retaliation to …
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Oil prices remained stable on Friday, offering some relief after a turbulent week driven by geopolitical tensions and trade concerns. Traders are now watching closely for signs of easing in the US-China trade conflict, a key factor influencing oil prices globally. Market Reaction Ahead of OPEC+ Talks Brent crude fell by 14 cents to $61.99 …
Continue reading “Oil Prices Steady Amid Hopes of US-China Trade Easing”
NEW DELHI: India has imposed a complete ban on imports from Pakistan. The move comes after a deadly attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK) killed at least 26 tourists last week. The Directorate General of Foreign Trade announced the decision on Thursday. “This restriction is imposed in the interest of national security …
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The gold rates in Pakistan remained stable on 2nd May 2025, with minor fluctuations observed across different weight categories. These prices, officially provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), reflect ongoing market trends and investor sentiment both locally and globally. Current Gold Rates As of Thursday, the price of 24-karat gold stood …
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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a remarkable rebound on Friday, with the benchmark KSE-100 Index surging by 2.62% amid renewed investor optimism. The sharp rally was driven by hopes of de-escalating tensions between Pakistan and India, expectations of a monetary policy rate cut, and the upcoming International Monetary Fund (IMF) board review. Market …
Continue reading “PSX Soars as Tensions Ease, Rate Cut and IMF Review Raise Investor Confidence”
Islamabad: In a groundbreaking move, Pakistan has launched an independent electricity market system, marking a major shift in the country’s power trading landscape. The initiative aims to bring transparency, efficiency, and competition to the energy sector. The National Electric Power Regulatory Authority (NEPRA) has officially licensed the Independent System and Market Operator (ISMO). This newly …
ISLAMABAD – The Pakistan Stock Exchange (PSX) witnessed a dramatic fall on Wednesday as rising geopolitical tensions between India and Pakistan sent shockwaves across financial markets. A late-night warning from the federal government about a possible Indian military strike within 24 to 36 hours triggered panic-led selling. KSE-100 Index Plunges Over 3,500 Points The benchmark …
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The gold price hike in Pakistan gained momentum on Tuesday, fueled by a rally in international bullion markets and ongoing rupee depreciation. Investors are responding to rising global uncertainty, which has lifted the value of gold both internationally and at home. Significant Increase in Local Gold Rates According to the All Pakistan Sarafa Gems and …
Continue reading “Gold Prices Surge in Pakistan as Global Demand Soars”
Pakistan’s economic recovery gained significant momentum in the first half of FY25, according to the State Bank of Pakistan’s latest report. Featuring the keyword “economic recovery,” the State of Pakistan’s Economy, Half Year Report FY25 outlines a sharp drop in inflation, a surplus current account, and the lowest fiscal deficit since FY05, marking a major …
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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 …
Continue reading “Geopolitical Tensions with India Trigger Major Market Crash”
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 …
Continue reading “Gold Price Stability in Pakistan Offers Investors a Moment of Calm”
