Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs432,336 after a gain of Rs3,200 during the day. Similarly, 10-gram gold was sold at 370,658 after it increased by Rs2,744, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per t
Sui Northern Gas Pipelines Limited (SNGPL) has reported outstanding dues of Rs169.27 billion against the power sector, warning that mounting arrears have triggered a severe financial crisis and impaired its ability to meet commitments towards upstream gas suppliers. In a letter , addressed to the Chief Executive Officer of Central Power Purchasing Agency-Guarantee (CPPA-G), SNGPL has sought urg
Oil prices edged lower on Tuesday, extending losses from the previous day, after US President Donald Trump said US military action against Iran is not necessary “at this point”, easing concerns about prolonged disruptions to Middle East supply. Brent crude futures fell 24 cents, or 0.23%, to $92.33 a barrel by 0102 GMT, while US West Texas Intermediate (WTI) futures fell 35 cents, or 0.40%, t
After days of buying momentum, selling returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 2,200 points during the opening minutes of trading on Friday. At 9:40am, the benchmark index was hovering at 173,146.07, down 2,233.79 points or 1.27%. “We expect the market to witness some profit-taking today following the recent rally, as investors may prefer
The Pakistan Stock Exchange (PSX) extended its bullish run on Thursday, with the benchmark KSE-100 Index surging over 3,365 points, or around 2%, to close at 175,380, reclaiming the 175,000 psychological barrier for the first time since September 1, as a sharp decline in international oil prices improved investor sentiment and triggered broad-based buying. The market opened on a positive note,