Gold dipped on Friday as a firmer dollar and US-Iran ceasefire uncertainty weighed, but the metal stayed on course for a third consecutive weekly climb as investors priced in earlier and deeper US rate cuts, supporting non-yielding bullion. Spot gold was down 0.1% at $4,759.54 per ounce by 0316 GMT. The metal, however, has gained 1.8% so far this week. US gold futures for June delivery fell 0
Supernet Technologies Limited secured a multi-million-dollar cybersecurity contract through its subsidiary, Supernet Secure Solutions Pvt Limited, further strengthening its footprint in Pakistan’s financial services sector. The five-year contract was awarded by one of Pakistan’s largest banks, the company said in a statement. It said that this was the second consecutive mandate, following th
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