Silver price in Pakistan- September 28, 2024
- 28-Sep-2024
Silver is a precious metal with the symbol Ag and atomic number 47. Deeply rooted in Pakistani traditions, silver is widely used in jewellery, ornaments, and artefacts. Moreover, it’s seen as a safe haven asset, offering protection against economic uncertainties. The industrial sector’s growth further fuels silver demand, as it’s essential in electronics, solar panels, […]
Pakistan receives first tranche of IMF loan
- 27-Sep-2024
KARACHI: Pakistan has received the first tranche of the International Monetary Fund’s (IMF) following the approval of the IMF Executive Board of a 37-month Extended Fund Facility amounting to US$7 billion. State Bank of Pakistan (SBP) received SDR 760 million –equivalent to USD 1026.9 million– as the first tranche from the IMF on Friday, according […]
PSX slides 365 pts amid investor concerns over IMF conditions
- 27-Sep-2024
KARACHI: The Pakistan Stock Exchange (PSX) closed lower today, reflecting investor concerns over the International Monetary Fund’s (IMF) stringent conditions. The IMF’s requirements include ending energy subsidies, closely monitoring government spending, closing state-owned enterprises (SOEs), and implementing structural tax reforms, all of which are expected to raise inflation in the fiscal year 2025 (FY25). The […]
Silver price in Pakistan- September 27, 2024
- 27-Sep-2024
Silver is a precious metal with the symbol Ag and atomic number 47. Deeply rooted in Pakistani traditions, silver is widely used in jewellery, ornaments, and artefacts. Moreover, it’s seen as a safe haven asset, offering protection against economic uncertainties. The industrial sector’s growth further fuels silver demand, as it’s essential in electronics, solar panels, […]
PM Shehbaz attends Bangladesh's 50th UN membership anniversary
- 25-Sep-2024
NEW YORK: Prime Minister (PM) Shehbaz Sharif attended a ceremony celebrating Bangladesh’s 50 years of United Nations membership at the invitation of Chief Advisor Dr Muhammad Yunus. Accompanying the Prime Minister Shehbaz Sharif were federal ministers Khawaja Asif, Atta Tarar, Khalid Maqbool Siddiqui, and Special Assistant Tariq Fatemi. Dr Muhammad Yunus warmly welcomed Prime Minister […]
PSX set to surge as KSE-100 targets 86,000 points post-IMF approval
- 25-Sep-2024
The KSE 100 Index, the benchmark index of the Pakistan Stock Exchange (PSX), concluded today’s trading session at 82,331.85 points, marking a significant increase of 764.27 points or 0.94%. The index experienced a high of 82,331.85 points and a low of 81,524.41 points during the session. A broad wave of buying was observed, with major […]
Silver price in Pakistan- September 25, 2024
- 25-Sep-2024
Silver is a precious metal with the symbol Ag and atomic number 47. Deeply rooted in Pakistani traditions, silver is widely used in jewellery, ornaments, and artefacts. Moreover, it’s seen as a safe haven asset, offering protection against economic uncertainties. The industrial sector’s growth further fuels silver demand, as it’s essential in electronics, solar panels, […]
Pakistan, China ink MoU for gas exploration
- 24-Sep-2024
Pakistan’s Oil & Gas Development Company (OGDCL) has signed an MOU with CCDC, the major player in drilling and upstream Oil field Services of China, for the development of shale and tight gas potential of Pakistan and address the country’s energy needs through indigenous solutions. The MOU was signed by OGDCL’s Executive Director (Production), Mumtaz […]
Silver price in Pakistan- September 24, 2024
- 24-Sep-2024
Silver is a precious metal with the symbol Ag and atomic number 47. Deeply rooted in Pakistani traditions, silver is widely used in jewellery, ornaments, and artefacts. Moreover, it’s seen as a safe haven asset, offering protection against economic uncertainties. The industrial sector’s growth further fuels silver demand, as it’s essential in electronics, solar panels, […]
PSX retreats 224 points as investors take profits
- 23-Sep-2024
Pakistan Stock Exchange’s (PSX) benchmark KSE 100 Index closed the trading session at 81,850, reflecting a decrease of 224 points, or 0.27% owing to profit taking by the domestic and international investors. The profit-taking at PSX was largely seen in Hub Power Company Limited (HUBC), Mari Petroleum Company Limited (MARI), Pakistan Petroleum Limited (PPL), Oil […]