Gold prices in Pakistan rose on Monday, tracking gains in the international market, where spot gold hovered near a seven-week high, supported by a softer dollar and expectations of US interest rate cuts ahead of key economic data. In the domestic market, gold per tola surged to Rs454,862, gaining Rs2,600 during the day. Similarly, 10-gram gold was sold at Rs389,970, up Rs2,229, according to the
Contrary to market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to reduce the policy rate by 50 basis points (bps) to 10.5% on Monday. The market expected the central bank to maintain the status quo. “The MPC has decided to decrease the policy rate by 50bps to 10.5% w.e.f. December 16, 2025,” the central bank said. The latest reduction takes t
The business community has expressed dissatisfaction over minor reduction in policy rate and termed it like a drop in the ocean and urged the State Bank of Pakistan (SBP) to bring policy rate in single digit. They were of the opinion that there is no relief for industry, trade or any other sector due to this minor cut and urged the government to review the decision immediately in the large inte
Ali Pervaiz Malik, Federal Minister for Petroleum, held a meeting with Tariq Sulaiman Al-Roumi, Minister of Oil of the State of Kuwait, to discuss matters of mutual interest and strengthen bilateral cooperation in the petroleum sector. The meeting was attended by Sheikh Nawaf Al-Sabah, Chief Executive Officer of Kuwait Petroleum Corporation (KPC), along with his senior management team. The Paki
The federal government announced a significant reduction in the price of High Speed Diesel (HSD) while maintaining the price of petrol for the second half of December (December 16 to 31). The price of HSD was reduced by Rs 14.00 per litre, dropping from Rs 279.65 to Rs 265.65 per litre. The price of petrol was kept unchanged at Rs 263.45 per litre. The reduction in the HSD rate is linked to