KARACHI: Gold and silver prices in Pakistan declined on Thursday following a fall in global bullion rates. In the international market, gold fell by $23 per ounce to $4,305, weighing on domestic prices. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs2,300 to Rs452,936, while…
KARACHI: Pakistan’s current account surplus narrowed sharply in May 2026 as rising imports offset gains from remittances and services exports, signalling that external account pressures are beginning to re-emerge amid an economic recovery. According to data released by the State Bank of Pakistan (SBP), the country recorded a current account surplus of $255 million in…
KARACHI: Pakistan Stock Exchange (PSX) ended Wednesday’s session on a subdued note, with the benchmark KSE-100 index posting a marginal gain as investors paused for breath after the market’s recent record-breaking rally. The index settled at 180,511.02, up 118.05 points, or 0.07%, from the previous close. Trading remained choppy throughout the day as participants weighed…
Oil prices fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive US sanctions on Tehran’s oil, boosting the oil supply outlook. Brent crude futures were down $2.14, or 2.69%, at $77.41 a barrel as of 0616…
Faceless system to be launched in Oct to create blind between taxpayers and taxmen ISLAMABAD: The Federal Board of Revenue (FBR) chairman said on Wednesday that a new faceless tax system would be launched in October to protect people from harassment by taxmen, admitting that any new information being sent to fields for collecting taxes…
Oil prices rose more than 1% on Wednesday after US President Donald Trump said the new ceasefire agreement with Iran was not final and the Iran war could resume if he is unsatisfied, but concerns over excess supply next year limited the gains. Brent crude futures were up 89 cents, or around 1.1%, at $79.85…
ISLAMABAD: Pakistan could improve economic projections for 2027 after the end of the Iran war, but it is still too early to revise the budget, Finance Minister Muhammad Aurangzeb told Reuters, hours after the US and Iran signed a deal to end the fighting. Damaged energy infrastructure meant supply chains would take time to return…
Petroleum Division seeks higher price for diversion of local gas from CNG stations to LNG plants ISLAMABAD: Electricity consumers are likely to face a tariff increase of up to Rs1 per unit because of diversion of locally produced gas to liquefied natural gas (LNG)-fired power plants amid the US-Iran war. Sources told The Express Tribune…
KSE-100 adds 118 points in a volatile session as investors seek clarity on all fronts KARACHI: The Pakistan Stock Exchange (PSX) ended Wednesday’s session on a subdued note, with the benchmark KSE-100 index posting a marginal gain as investors paused for breath after the market’s recent record-breaking rally. The benchmark index settled at 180,511.02…
The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters ISLAMABAD: The government said on Tuesday that taxes on the import of used cars have been reduced…