Gold held steady on Thursday, as rising hopes of a U.S.-Iran peace deal countered fears of inflation and higher-for-longer interest rates. Spot gold was down 0.2% at $4,534.69 per ounce, as of 0258 GMT. Bullion gained more than 1% on Wednesday after falling to its lowest level since March 30 earlier in the day. US gold futures for June delivery were steady at$4,536.70. US President Don
Reaffirming their commitment to significantly expanding bilateral economic ties, Pakistan and Kenya agreed on Thursday to double the volume of bilateral trade over the next five years. This was vowed during the second session of the Pakistan-Kenya Joint Trade Committee (JTC) held in Islamabad, as per a statement. The session was co-chaired by Jawad Paul, Secretary, Ministry of Commerce, Isla
Pakistan and the International Monetary Fund (IMF) will continue discussions on the federal budget for fiscal year 2027 in the coming days, following the conclusion of a staff-level visit in which both sides reviewed recent economic developments, fiscal targets, and progress on reforms under the country’s ongoing loan programmes. An IMF mission led by Iva Petrova concluded its staff visit to Is
Buying rally continued at the Pakistan Stock Exchange (PSX) after US President Donald Trump again asserted the war with Iran will end “very quickly”, with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Wednesday. At 9:30am, the benchmark index was hovering at 163,459.05, a gain of 562.37 points or 0.35%. Buying was observed in key sectors, includ
In its initial public offering (IPO), Service Long March Tyres Limited (SLM) has raised Rs5.83 billion by selling 292.30 million shares at Rs19.95 per share in its two-day book-building process at the Pakistan Stock Exchange (PSX). On the first day on Monday, the IPO was fully subscribed within the first 5 seconds of opening, marking one of the fastest-ever book building transactions in the his