The US dollar’s standing as the world’s primary safe-haven asset is increasingly being challenged, as global investors and central banks are rapidly pivoting towards gold and silver, amid rising geopolitical and economic uncertainty. “Globally, there are two main safe-haven assets; one is the US dollar, and the other is gold,” Syed Osama Rizvi, Global Market and Product Strategist at Primary Vi
Gold prices in Pakistan hit another record-high on Monday. In the local market, gold price per tola reached Rs532,062 after a gain of Rs10,900 during the day. Similarly, 10-gram gold was sold at Rs456,157 after it increased by Rs9,345, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per tola reached Rs521,162 after a gain
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 crossing the 188,000 level during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 188,048.54, an increase of 360.38 points or 0.19%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas explora
Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja on Thursday said that a total of Rs 124.2 billion from the Universal Service Fund (USF) has been utilised across the provinces to strengthen telecommunication infrastructure and expand digital access in underserved and remote areas. In written reply to a questions asked by MPs in National Assembly, she said t
Pakistan’s business community is facing a serious competitiveness crisis as the cost of doing business in Pakistan is 34 percent higher compared to regional countries, which has severely undermined the ability of local industries to compete in international markets, stated Pakistan Business Forum (PBF) Chief Organiser Ahmad Jawad. He said that due to irrational taxation, excessive energy costs,