The Pakistani rupee on Tuesday remained almost steady against the US dollar in the inter-bank market and closed at 280.21. Pakistani rupee had closed at 280.22 on Monday. The US dollar has remained under pressure globally as the euro slightly remained firm at $1.1774. Sterling surged to a two-and-a-half-month high at $1.348.
Pakistan on Tuesday finally sealed the sale of a 75% stake in Pakistan International Airlines for Rs135 billion while ending years of stalled privatisation attempts. The government awarded management control of the loss-making flag carrier to the Arif Habib consortium after a group wins a bid through a competitive auction. The winning group comprises of…
Pakistan has moved closer to launching 5G services after ECC approves a framework for its biggest spectrum sale, which signals faster digital expansion. The Economic Coordination Committee on Tuesday approved recommendations for the upcoming spectrum auction, ministers said. Finance Minister Muhammad Aurangzeb and Information Technology Minister Shaza Fatima Khawaja during a joint press briefing said…
PayFast marked eight years in Pakistan by launching Rah-e-Raast, a doorstep QR payment solution aimed at reducing cash usage. PayFast marked its eight-year milestone at NASTP in Karachi with the launch of Rah-e-Raast, a new initiative designed to enable QR-based payments at the point of delivery—helping businesses reduce reliance on cash and strengthen Pakistan’s shift…
Prime Minister Shahbaz Sharif has offered United Arab Emirates (UAE) to invest in different areas of the economy including energy and minerals. Pakistan and UAE are already working on different projects. UAE had invested in Pakistan’s leading oil refinery Pak Arab Refinery Limited (Parco). UAE had also acquired PTCL stakes in Pakistan which recently acquired…
The Capital Development Authority is going to introduce electric carts and valet parking at the new food street in Islamabad’s Blue Area, which is aimed at improving access and traffic flow within the pedestrian zone. CDA officials said four electric carts will operate inside the car-free promenade in a bid to assist elderly citizens and…
Gold prices in Pakistan broke its previous records of increase and surged to fresh highs on Tuesday to Rs 470,862. Gold rose sharply across domestic markets on December 23, 2025, with the price of 24-karat gold climbing Rs8,500 per tola to Rs470,862, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Associations.Gold…
The government is going to make second attempt to privatize the country’s state run national flag carrier Pakistan International Airlines (PIA) today. The bid process will start at 11 am which will continue till 3 Pm on Wednesday. The government had made first attempt to privatize the PIA in late-October 2024. During that bidding round,…
The Pakistani rupee posted a marginal gain on Monday against US dollar and appreciated by 0.01% in the inter-bank market. Pakistani rupee closed at 280.22, while registering a gain of Rs0.03 against the US dollar.
The KSE-100 Index ended the session at 171,204 points, shedding 200 points amid continued volatility and mixed investor sentiment. Pakistan Stock Market Bleeds Throughout the trading day, the index moved within a range of 172,167 to 170,858, primarily influenced by rollover-week dynamics.Positive contributions from LUCK, ENGROH, FATIMA, RMPL, and SRVI added a combined 347 points…