Gold prices in Pakistan rebounded sharply on Tuesday, tracking a strong recovery in the international bullion market after several sessions of steep losses that had rattled investors and traders. In the local market, the price of gold per tola surged by Rs24,000 to settle at Rs514,362, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of
Pakistan's corruption problem appears to be bigger in perception compared to the situation on the ground as data has revealed a significant gap between people's opinion and the real experience. According to Pakistan's first homegrown transparency survey — the Index of Transparency and Accountability in Pakistan (iTAP), 68% of Pakistanis perceive bribery as a common feature, but only 27% have re
JPMorgan is finalising plans for a new index to track frontier market local currency bonds, investors consulted on the details told Reuters, as the bank looks to satisfy a growing appetite for riskier and more diversified high-yield debt. Six leading money managers who spoke to Reuters on condition of anonymity said the bank’s engagements with them reached an advanced stage in the second half o
Asian stocks were on shaky ground on Wednesday, following steep losses in US and European equities on fears that advancements in artificial intelligence could supplant traditional software. Oil prices climbed after the US shot down an Iranian drone and armed boats approached a U.S.-flagged vessel in a key waterway, while precious metals found a firmer footing after a recent rout. A selloff a
Pakistan International Airlines (PIA) has entered into a significant cargo-sharing agreement with the global aviation group Air France-KLM, marking a major expansion of the national carrier’s international freight capabilities. The cargo partnership agreement, which came into effect on January 15, will provide PIA Cargo access to Air France-KLM’s extensive worldwide network, according to a PIA