Gold inched higher on Thursday as the dollar slipped from a four-month high and investors remained uncertain regarding the US economic outlook amid a government shutdown. Spot gold was up 0.1% at $3,986.23 per ounce by 0427 GMT. Bullion has fallen about 9% since hitting a record high of $4,381.21 on October 20. US gold futures for December delivery added 0.1% at $3,994.60 per ounce. “The
The Pakistani rupee registered marginal improvement against the US dollar, appreciating 0.06% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 280.70, a gain of Re0.16 against the greenback. On Wednesday, the local unit closed at 280.86. Globally, the US dollar held just below multi-month highs on Thursday, with a recovery in
Selling persisted at the Pakistan Stock Exchange (PSX) in line with losses across international markets, with the benchmark KSE-100 Index shedding over 400 points during the opening minutes of trading on Wednesday. At 9:45am, the benchmark index was hovering at 160,849.20, an increase of 432.56 points or 0.27%. Selling was observed in key sectors including commercial banks, oil and gas explo
Pakistan Petroleum Limited (PPL) has commenced oil production from its Dhok Sultan-03 well under an Appraisal and Extended Well Testing (EWT) arrangement, effective November 1, 2025, marking another milestone in the company’s upstream exploration and development portfolio. The Dhok Sultan Block, located in district Attock, Punjab, is operated by PPL, which holds a 75 percent working interest, a
The Punjab Revenue Authority (PRA) has warned that business establishments will be sealed in the event of unnecessary delays or non-payment of taxes. The announcement came during a departmental meeting chaired by PRA Chairman Moazzam Iqbal Sipra where officials were briefed on measures to ensure that no provincial or federal institution issues licenses to entities that are not registered with t