Business

KARACHI — The Pakistan Stock Exchange (PSX) faced a “Negative Monday” hangover, with the KSE-100 index failing to sustain its record highs. The index slipped below the psychological barrier of 170,000 points during intraday trading as investors opted for profit-taking amid the high-stakes talks in Islamabad. Despite the “Stable” outlook from global agencies, the aggressive […]

KARACHI — After a week of relentless surging, gold prices in Pakistan have finally seen a significant correction. The price of 24K gold dropped by Rs. 4,900, settling at Rs. 501,162 per tola. This decline follows a slight cooling of international bullion prices, which fell to $4,788 per ounce. Investors who were panic-buying at the

KARACHI — The Pakistan Stock Exchange (PSX) continues its record-breaking streak, with the KSE-100 index soaring past the 173,000-point mark today. This massive gain of over 4,000 points in a single day reflects growing investor confidence following news of the Saudi cash inflows and the potential LNG deal with Qatar. Market analysts attribute this “bull

KARACHI — Domestic gold prices in Pakistan have hit a record-breaking peak, crossing the PKR 300,000 per tola mark for the first time in history. The All-Pakistan Gems and Jewelers Association (APGJSA) reported a massive single-day jump, attributing the surge to a combination of rising international prices and the ongoing uncertainty in the Middle East.

WASHINGTON / ISLAMABAD — The International Monetary Fund (IMF) has issued a fresh set of recommendations in its Fiscal Monitor 2026 report, advising Pakistan to scrap its existing fuel subsidies. The Fund emphasized that the gradual elimination of these “burdensome” subsidies is critical for the country to maintain medium-term fiscal sustainability and expand its tax

ISLAMABAD — In a major development for Pakistan’s economy, the State Bank of Pakistan (SBP) has officially confirmed the receipt of $2 billion from Saudi Arabia. This significant cash injection comes immediately following Prime Minister Shehbaz Sharif’s high-level meeting with the Saudi leadership in Jeddah. The funds are aimed at stabilizing the national currency and

WASHINGTON / ISLAMABAD — Global credit rating agency Fitch Ratings has affirmed Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. The affirmation reflects the country’s steady progress on fiscal consolidation and macroeconomic stabilization, bolstered by the ongoing International Monetary Fund (IMF) program. Key Economic Indicators for FY2026 According to the