Mari Energies Limited announced on Monday a gas discovery at the Tibri-1 exploratory well, drilled in the Kalchas South Block, located in Dera Bugti District, Balochistan. “Kalchas South joint venture comprises United Energy Pakistan Limited (UEPL) as Operator with a 46% working interest, Mari Energies Limited with 44% working interest, and Dewan Petroleum (Pvt.) Limited (DPL) holding 10% worki
Packages Limited (PKGS), Pakistan’s largest paper and board producer, has informed its stakeholders that it has received a redemption notice from the International Finance Corporation (IFC), a member of the World Bank Group, for a portion of its outstanding preference shares. The listed company disclosed development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “Packages Limite
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