Canadian miner Barrick Gold's overall proven and probable gold reserves jumped 23% to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable reserves on an attributable basis following the completion of its feasibility study at Reko Diq. Barrick owns a 50% stake in the mine
Federal Minister for Commerce Jam Kamal Khan engaged in high-level meetings with Saudi officials to enhance economic cooperation and expand trade and investment opportunities between Pakistan and Saudi Arabia. The discussions took place on the sidelines of the 'Made in Pakistan' Exhibition and Business Forum in Jeddah. During a meeting with Abdul Aziz Alsakran, Deputy Governor of the General Au
Pakistan's total liquid foreign reserves increased by $46 million to reach $16.1 billion. As of January 31, 2025, Pakistan's total liquid foreign reserves stood at $16,044.1 million, according to the State Bank of Pakistan (SBP). These reserves included $11,418.3 million held by the SBP and $4,625.8 million held by commercial banks. During the week ending January 31, SBP reserves increased by $
Pakistan's public debt remained above the sustainable level in the last fiscal year, violating an Act of Parliament due to higher interest expenses, which also neutralised the benefits of exchange rate stability and reductions in other expenditures, states a new government report. The Debt Policy Statement 2025 from the Ministry of Finance officially confirmed that the government could not brin
Despite continued downward interest rate trajectory and relative political calm, the Pakistan Stock Exchange (PSX) witnessed a ruthless bloodbath on Thursday, extending the losing streak to a fifth straight session due to an unabated institutional selling spree, pulling the benchmark KSE 100 index below the psychological barrier of 110,000 intraday. Topline Securities Ltd said such was the sell