The Pakistani rupee registered marginal improvement against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Friday. At 10am, the currency was hovering at 280.70, a gain of Re0.22 against the greenback. On Thursday, the local unit closed at 280.92. Globally, the US dollar held its ground in early Asian trade on Friday after reaching a three
The Pakistan Stock Exchange (PSX) came under selling pressure on Wednesday as investors reacted to renewed tensions between Pakistan and Afghanistan, coupled with mixed corporate earnings. The benchmark KSE-100 index dropped 1,635.97 points, or 1.02%, to close at 158,465.06. The index fluctuated between the high of 160,690 and low of 158,307. Investor sentiment remained weak after peace talks b
Gold prices in Pakistan recorded a significant rise on Wednesday, driven by persistent global uncertainties and cautious investor sentiment ahead of key international developments. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold surged by Rs3,500 per tola, reaching Rs419,862. Similarly, the rate for 10 grams of 24-karat g
The federal government is likely to raise the prices of petroleum products by up to Rs2.34 per litre for the upcoming fortnight beginning November 1, 2025. According to calculations, the price of petrol is expected to be increased by Rs1.48 per litre (0.6%), moving up from Rs263.02 to Rs264.50 per litre. The price of high-speed diesel (HSD) may rise by Rs1.38 per litre, from Rs275.42 to Rs276.8
The first US crude oil cargo on Wednesday landed in the country, marking a milestone in the diversification of crude imports and the opening of a new era of bilateral relations between the two countries in the oil sector. Cnergyico PK imported one million barrels of West Texas Intermediate (WTI) crude, the first such shipment in the nation's history. The company plans to import a total of three