Strong buying momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 185,000 level during the second half of the trading session on Friday. At 2:45pm, the benchmark index was hovering at 185,117.47, an increase of 3,661.14 points or 2.02%. Analysts attributed the buying spree to expectations of a further policy rate cut in the upcoming Monet
The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Friday. At close, the local currency settled at 279.95, a gain of Re0.01 against the greenback. On Thursday, the e local unit closed at 279.96. Internationally, the US dollar was poised for a third weekly gain on Friday after positive US economic data lowered expectations for rate cuts by the Feder
Khurram Schehzad, Advisor to the Finance Minister of Pakistan, has challenged claims that Pakistan’s provinces are outperforming the centre in tax collection, presenting Federal Board of Revenue (FBR) data that shows provincial revenues remain far below their potential, despite having large constitutionally assigned tax bases. “There’s a claim circulating that provincial tax performance has bee
Gold prices in Pakistan remained stable on Friday. In the local market, gold price per tola remained at Rs482,462 during the day. Similarly, 10-gram gold was sold at Rs413,633, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs482,462 after a decline of Rs3,700 during the day. The international rate of gold a
Former Pakistan’s envoy to the United States, Hussain Haqqani, has said that Pakistan has not been singled out in the recent US restrictions on immigrant visas, stressing that the move is administrative in nature rather than politically motivated. “Pakistan is not the only country on that list,” said Haqqani on Thursday, during an interview on the Aaj News programme News Insight with Amir Zia.