Pakistan's stock market on Thursday enjoyed a highly positive activity, during which the KSE-100 index touched an all-time high of 94,290 points in intra-day trading. According to analysts, the interest of investors could be attributed to the growing economic optimism, fuelled by reports that the International Monetary Fund (IMF) had no concerns about Pakistan's revenue collection targets. As a
The Pakistani Rupee (PKR) has continued its appreciateion gaining 10.99 paisa, or 0.04%, against the US Dollar during Thursday’s interbank session. In the open market, exchange companies quoted the US Dollar at Rs277.02 for buying and Rs278.80 for selling. Against the Euro, the Ruppee rose by Rs1.53, or 0.52%, closing at Rs293.07 compared to the previous rate of Rs294.60. This upward tren
In the local market, the price per tola decreased by Rs5,500, settling at Rs266,400, according to the All-Pakistan Gems and Jewelers Sarafa Association. Meanwhile, 10-gram gold saw a drop of Rs4,716, bringing the rate to Rs228,395. The international price of gold dropped by $55 per ounce, reaching $2,552 with a premium of $20, according to APGJSA. This correction follows a recent rise o
The global cryptocurrency market's value has topped $3 trillion as the election of Donald Trump as US president spurred bets that friendlier US regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on November 14 in Asia, based on analytics and data aggregator CoinGecko, and was last just sh
Shariah scholars, bankers and business leaders have called for the promotion of Islamic banking by offering interest-free loans. They argue that Islamic banking has become unavoidable in the current financial landscape when various countries are forming alliances to safeguard their economic interests, strengthen their currencies, and elevate their economies to new heights. Speaking at the Is