The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Friday. At 10:05am, the local currency was hovering at 280.33, a gain of Re0.22 against the greenback. On Thursday, the local unit closed at 280.55. Globally, the US dollar was heading for its worst weekly performance since late July on Friday as trade
Investors made a strong comeback at the Pakistan Stock Exchange (PSX) on Wednesday as optimism prevailed, driving the benchmark KSE-100 index up by nearly 1,500 points. The market saw an impressive recovery, powered by renewed institutional confidence and strong performances by key sectors. The index opened on a positive note and maintained its bullish momentum for almost throughout the session
The government raised more than Rs1.03 trillion on Wednesday through auctions of treasury bills, Pakistan Investment Bonds (PIB) and the Government Ijara Sukuk (GIS). The State Bank of Pakistan (SBP) conducted the three auctions, which attracted strong investor participation across conventional and Islamic instruments. In the T-bill auction, the SBP targeted Rs650 billion but received an overwh
Pakistan's manpower exports climbed over 615,000 in the first 10 months of 2025, but the record outflow masks deepening challenges faced by workers seeking opportunities abroad. Despite rising demand in Gulf markets, thousands of Pakistanis continue to battle complex visa requirements, tighter documentation rules, frequent rejections, and heightened airport offloading, obstacles that often turn al
Pakistan may come under the radar of the Financial Action Task Force (FATF) due to failure to regulate its gold market as 90% of the metal is still traded without formal channels. Undocumented trade and the smuggling of gold dominate the Pakistani market. FATF had urged Islamabad to regulate its bullion market but the bulk of gold is traded outside of formal channels while the gold association