Pace (Pakistan) Limited (PACE) has announced that its Board of Directors has approved plans to purchase a plot in Dubai, UAE, for the development of a commercial project, marking the company’s expansion into the international real estate market. The listed company, a part of First Capital Group, which owns and operates a diversified business portfolio, shared the development via a notice to the
The Gambat South Gas Processing Facility (GPF-II) in Sanghar, Sindh, has increased its gas processing capacity from 55 MMscfd to 60 MMscfd through process optimisation, generating an additional 5 MMscfd of gas, 35 barrels of condensate, and one ton of liquified petroleum gas (LPG). The development was disclosed by Pakistan Petroleum Limited (PPL), the operator of the Gambat South Block, in a no
Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs435,762 after a gain of Rs5,900 during the day. Similarly, 10-gram gold was sold at Rs373,595 after it registered an increase of Rs5,065, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gol
The Pakistan Stock Exchange (PSX) kicked off the week on a strong note, with the benchmark KSE-100 Index gaining over 1,000 points during the opening hours of trading on Monday, amid improved market sentiment following stable macroeconomic indicators. At 10:40am, the benchmark index was hovering at 160,632.77, up 1,039.87 points, or 0.65%. Buying interest was observed in key sectors includin
Pakistan's stock market has been a study in contrasts this year: pockets of bullish enthusiasm punctuated by sharp swings that leave investors – and policymakers – uneasy. The benchmark KSE-100 index, which began 2025 on a recovery path after a turbulent 2024, has repeatedly tested new highs and then surrendered large chunks of gains within days, illustrating how sensitive the Pakistan Stock Excha