Gold rose for a fifth straight session on Thursday to hit its highest in more than three weeks, buoyed by expectations that the US government reopening will restart the flow of economic data and boost bets for further interest rate cuts. Spot gold was up 0.4% at $4,214.52 per ounce, as of 0521 GMT, hitting its highest since October 21. US gold futures for December delivery rose 0.1% to $4,21
The Pakistani rupee registered a marginal gain against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Thursday. At 10:15am, the currency was hovering at 280.57, a gain of Re0.20 against the greenback. On Wednesday, the local unit closed at 280.77. Internationally, the yen wallowed near a record low versus the euro and a nine-month trough
Gillette Pakistan Limited has formally applied to the Pakistan Stock Exchange (PSX) for delisting and approval to purchase shares held by minority shareholders. The company disclosed the development in its notice to the exchange on Thursday. The company’s majority shareholder, Procter & Gamble (P&G) Company, which holds 91.72% of Gillette Pakistan’s shareholding through its subsidiary SABV,
The International Monetary Fund (IMF) included Pakistan on its Executive Board agenda on December 08, 2025, according to its updated website. The Executive Board is set to deliberate final approval for the release of the next $1.2 billion tranche, covering the second review of the Extended Fund Facility (EFF) and the first review of the Resilience and Sustainability Facility (RSF). Last mont
After experiencing a steep sell-off on Tuesday, the Pakistan Stock Exchange (PSX) on Wednesday resisted further decline and staged a strong recovery, with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading. At 9:35am, the benchmark index was hovering at 158,706.56, an increase of 836.06 points or 0.53%. Buying interest was observed in key sectors includ