[ad_1] Listen to article KARACHI: Pakistan’s equity market closed FY25 as the top-performing market in Asia, delivering a 60% return and significantly outperforming all major regional peers. This strong performance was driven by macroeconomic stability, structural reforms, and improved investor sentiment, despite global and domestic challenges. Analysts from JS Global and AKD Securities cited a robust recovery … Read more
[ad_1] Listen to article In the international market, the price of gold rose by $66 to $3,348 per ounce, while silver gained $0.52, reaching $35.50 per ounce. In local markets the price of 24 karat gold surged by Rs6,600 to reach Rs356,800 per tola, up from Rs350,200 on the previous trading day, according to the All Pakistan … Read more
[ad_1] Listen to article Pakistan has achieved the world’s steepest decline in sovereign default risk over the past year, leading Bloomberg Intelligence’s Global Emerging Market (EM) Rankings for credit risk improvement, according to data released by the finance minister’s adviser on Saturday. Bloomberg, the international financial information and media firm, has described Pakistan as the most improved … Read more
[ad_1] Listen to article Gold prices surged in local and international markets on Thursday. In the international bullion market, gold prices rose by $13 to reach $3,343 per ounce, reflecting a notable surge in value. The impact was immediately felt in the local gold markets of Pakistan. According to the All Pakistan Sarafa Gems and Jewellers Association … Read more
[ad_1] RAWALPINDI: With the upcoming fiscal year’s budget implementation looming, wholesale markets have begun raising prices. The price of a 50kg sugar sack rose by Rs300 on Wednesday, and an additional Rs200 increase is expected this week, pushing the retail price of sugar up by Rs10 to Rs190 per kg. The price of tea leaves … Read more
[ad_1] Listen to article ISLAMABAD: Pakistan has secured a $1 billion syndicated term finance facility, partially guaranteed by the Asian Development Bank (ADB), marking its return to Middle Eastern financial markets after more than two years, the Ministry of Finance said on Tuesday. The facility is backed by the ADB’s Policy-Based Guarantee under its “Improved Resource Mobilization … Read more