Business News | PSX | News Updates from Pakistan Economy

Gold price per tola increases Rs1,100 in Pakistan

Gold prices in Pakistan were back to winning ways on Wednesday in line with an increase in the international rate. In the local market, gold price per tola increased to Rs242,000 after a single-day gain…

April 24, 2024
Published in Business

PSX hits historic high, crosses 72,000 points

The Pakistan Stock Exchange (PSX) achieved a new milestone as it crossed the 72,000 mark during the early morning trading on Wednesday.

April 24, 2024
Published in Business

Elon Musk vs Jeff Bezos: Which tech billionaire has higher net worth?

Amazon founder Jeff Bezos and Tesla owner Elon Musk are two of the world's richest people, according to the Bloomberg Billionaire's Index.

April 23, 2024
Published in Business

Gold rates in Pakistan see big drop

The per tola price of 24 karat gold on Tuesday declined by Rs7800 to Rs240,900 as compared to its sale at Rs248,700 on the previous day.

April 23, 2024
Published in Business

Finance Minister confident of reserves reaching $10bn by June

As the government expedites measures to address prevailing dire economic conditions, Finance Minister Muhammad Aurangzeb Tuesday provided a glimmer of hope saying that the country's foreign exchange reserves will reach $10 billion by June this…

April 23, 2024
Published in Business

IMF board meeting on Apr 29 to approve $1.1 bn for Pakistan

The Executive Board of the International Monetary Fund (IMF) will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA).

April 23, 2024
Published in Business

Pakistan on track to secure new loan from IMF: Finance Minister

Finance Minister Muhammad Aurangzeb has said Pakistan is on track to secure a new loan from IMF.

April 22, 2024
Published in Business

PSX hits all-time high, crosses monumental 71,500 points

The Pakistan Stock Exchange (PSX) has witnessed a bullish trend on the first day of the business week, soaring to unprecedented heights and setting a new record in the country's financial history.

April 22, 2024
Published in Business

Pakistan looking to enter into extended program with IMF: Finance Minister

Finance Minister Muhammad Aurangzeb has said Pakistan is looking to enter into a larger and extended program with the IMF.

April 20, 2024
Published in Business

Pakistan makes formal request to IMF for fresh IMF package

Pakistan makes formal request to IMF for fresh package

Pakistan has made a formal request to International Monetary Fund (IMF) for seeking the next bailout package in the range of USD 6 to USD 8 billion under the Extended Fund Facility (EFF).

April 20, 2024
Published in Business

IMF suggests lifting trade bans can boost Pakistan's exports by 15%

In its recent report on the Middle East and Central Asian countries, the International Monetary Fund (IMF) has highlighted that that Pakistan's growth rate in 2024 is expected to surpass that of 2023, indicating a…

April 19, 2024
Published in Business

US dollar strengthens against Pakistani rupee in interbank market

The interbank appreciation of the US dollar against the Pakistani rupee persists today, marking the fourth consecutive day of the dollar's ascent.

April 18, 2024
Published in Business

IMF chief, finance minister discuss policy preferences, reforms agenda in Pakistan

Finance Minister Muhammad Aurangzeb met International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss the economic reforms agenda in Pakistan.

April 18, 2024
Published in Business

Billionaires advise investing in these 5 best stocks right now

The stock market is a favourite place for billionaires to invest in. Many of them have accumulated their wealth by successfully navigating the world of stocks.

April 17, 2024
Published in Business