Gold prices continued to rise on Tuesday, with a significant increase in both international and local markets. According to reports, the price of gold in the international bullion market increased by $10 per ounce, reaching a new level of $2642. As a result, the price of 24-carat gold per tola in the local markets also rose by Rs 1000, reaching Rs 276,000. Additionally, the price of 10 grams
Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) Vice President Zafar Iqbal on Tuesday stressed the importance of collaborative measures with China's chemical industry to enhance Pakistan's competitiveness. Speaking during a think-tank session with PCJCCI executive committee members, Iqbal highlighted Pakistan's lack of advanced technology to establish petrochemical complex facili
Finance Minister Muhammad Aurangzeb has aired concerns over the mechanism for the Water and Power Development Authority's (Wapda) green bond, which lacks provisions for mitigating liabilities of the government and its consequences. The finance minister said that the same mechanism, established for Wapda's green bond, was being used for Pakistan Social Impact Bond (PSIB) that was to be floated t
The National Electric Power Regulatory Authority (Nepra) has reduced electricity tariff up to 75 paisa per unit for consumers of ex-Wapda power distribution companies (DISCOs) and K-Electric on account of fuel charges adjustment (FCA). The power-sector regulator cut tariff up to Rs0.7556 per unit for DISCOs due to variations in fuel charges in November 2024. For K-Electric consumers, it slas
Bears continued their stampede on Tuesday on the trading floor as shares at the Pakistan Stock Exchange (PSX) declined by more than 200 points. The benchmark KSE-100 index declined 768.80 points, or 0.66 per cent, to stand at 115,486.32 points at 11:04am from the previous close of 116,255.12. Finally, the index closed at 116,052.68 points, down by 202.44 points or 0.17pc from the last close.