The Asian Development Bank (ADB) said on Friday that Pakistan’s economy had stabilised and begun to show stronger momentum, but “downside risks were significant”. “Pakistan’s economy recovered as growth strengthened and inflation declined in fiscal year 2025 (FY2025, ended 30 June 2025), supported by tight macroeconomic policies and progress in economic reform,” the ADB said in a report today.
Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local market, gold price per tola reached Rs497,662 after a gain of Rs3,000 during the day. Similarly, 10-gram gold was sold at Rs426,664 after it increased by Rs2,572, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price p
It was a historic day at the Pakistan Exchange (PSX) on Wednesday, as investors rejoiced after the US and Iran agreed to a two-week ceasefire amid Pakistan’s mediation efforts. The ceasefire also triggered a global relief rally, with oil prices plunging sharply and equities surging across the US, Europe, and Asia. Bullish momentum was observed right from the opening bell, as the benchmark KS
The inflow of overseas workers’ remittances into Pakistan stood at $3.8 billion in March 2026, the State Bank of Pakistan (SBP) data showed on Wednesday. Remittances increased by 16.5% on month-on-month basis and registered a decline of 5.5% on year-on-year basis. Cumulatively, workers’ remittances increased by 8.2% to $30.3 billion during Jul-Mar FY26, compared to $28 billion received durin
Asian share markets were in a more sober mood on Thursday as cracks quickly began to appear in the fragile Gulf ceasefire, nudging oil prices back up and reminding investors the inflationary fallout will last for a long time yet. There was scant sign that the Strait of Hormuz was open in any meaningful way, with Iran flexing its control over the vital oil artery and demanding tolls for safe p