The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening minutes of trading in the inter-bank market on Wednesday. At 10:30am, the local currency was hovering at 279.93, a gain of Re0.23 against the greenback.On Tuesday, the local unit closed at 280.16. The SBP purchased a hefty $1 billion worth of forex from the interbank market in September 2025, signal
Government critics, including members of the opposition and economists, questioned the credibility of official economic growth figures after the Pakistan Bureau of Statistics (PBS) reported a 3.71% gross domestic product (GDP) growth in the first quarter of FY2025-26, largely driven by a significant rise in industrial output. Federal Minister for Planning, Development and Special Initiatives Ah
Precious metals were the standout performers among commodities this year, with silver outperforming most major equity indexes and currencies, while gold hit record highs on economic and geopolitical risks. Industrial metals also made strong gains in 2025, with copper hitting all-time highs, though cocoa, sugar and crude oil were among the biggest losers. Looking ahead, precious metals have r
Supernet, a wholly-owned subsidiary of Telecard, has announced its rebrand to SupernetGlobal, alongside a strategy to expand selectively into high-growth international digital markets across the Middle East, Africa, and Central Asia. “The move comes as ICT spending across the Middle East and Africa exceeds $230–250 billion annually, driven by large-scale government digitalisation, cybersecurity
Pakistan's equity market delivered one of its strongest performances in recent history during 2025, decisively outperforming most competing asset classes and reinforcing the Pakistan Stock Exchange's (PSX) growing appeal among domestic investors. Market participants attribute the benchmark KSE-100 index's robust performance to a combination of macroeconomic stabilisation and improving investor