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Pakistani Rupee Continues Gain Against US Dollar
By Aftab Ahmed | October 16, 2025
The Pakistani rupee on Thursday has recorded a marginal gain against the US dollar and closed at 281.11 which was up by Rs 0.01 in the inter-bank market. Earlier, the Pakistani rupee continued to gain against US dollar and appreciated 0.07% during the early trade on Thursday in the inter-bank market. Pakistani currency stood at…
Gold Prices in Pakistan Continue to Gain
By Aftab Ahmed | October 16, 2025
Gold Prices in Pakistan jumped up again on Thursday and touched 442800 per tola with a gain of Rs 1900 in line with fluctuation in global gold prices. The price of gold stood at Rs 440900 per tola on Wednesday which went up Rs 442800 per tola for 24 karat. The price of 10 gram…
Bulls Stumble as Bears Reclaim Control Amid Volatility
By Aftab Ahmed | October 16, 2025
The trading day began on a strong footing, with the KSE-100 Index extending its upward momentum and surging by as much as 1,178 points in early trade. However, the bullish sentiment proved fleeting as profit-taking led by local institutions triggered a sharp reversal. The bears swiftly regained control, dragging the benchmark down by 1,424 points…
Pakistan Faces $131m Liability if Roosevelt Hotel Stays Shut
By Aftab Ahmed | October 15, 2025
The government risks incurring liabilities over US$131 million over three years if the Roosevelt Hotel in New York is not reopened. The Ministry of Defense (MoD) in a recent meeting of economic coordination committee (ECC) informed that the PIAIL team had negotiated with High Gate for reopening of the Roosevelt Hotel while keeping the Privatisation…
PIAIL Board Fails to Use €20M Scribe Hotel Funds
By Aftab Ahmed | October 15, 2025
Islamabad: Pakistan International Airline Investment Limited (PIAIL) board has failed to utilize 20 million Euro available at Scribe Hotel due to tax implications. In a recent meeting, economic coordination committee (ECC) was informed that that the PIAIL Board had regretted its inability to use funds available at Scribe Hotel to the tune of Euro 20…
Pakistan eyes stronger maritime links with Egypt
By Aftab Ahmed | October 15, 2025
ISLAMABAD — Pakistan and Egypt have agreed to deepen cooperation in the maritime and industrial sectors, aiming to expand joint ventures and boost their blue economies.Pakistan to Host First Maritime Investment Forum 2025 The understanding was reached during a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Egypt’s Ambassador to Pakistan,…
Pakistani Currency Strengthens Against US Dollar
By Aftab Ahmed | October 15, 2025
The Pakistani rupee continues to gain against US dollar and appreciated 0.01% during the inter-bank market trading. It closed at 281.12, registering an appreciation of Rs0.03 against the US dollar. Earlier, Pakistani rupee strengthened again against US dollar and appreciated by 0.08% in line with currency fluctuation in global market. It stood at Rs 280.92,…
Stock Market Continues Gains
By Aftab Ahmed | October 15, 2025
PSX 100 index closed at 210 points amid late profit-taking after witnessing a peak during the early session. The market had picked up after a news of agreement between Pakistan and IMF. It sheds for a few days due to profit taking and cross border tensions with Afghanistan. Earlier, Pakistan Stock market opened with a…
Mari Energies Acquires 20% Stake in Offshore Indus-C Block
By Aftab Ahmed | October 15, 2025
Mari Energies partners with Turkish Petroleum Overseas Company to explore Pakistan’s underdeveloped offshore reserves in a move seen as a breakthrough for bilateral energy cooperation. In a notice to Pakistan Stock Exchange, Mari Energies has informed that it has entered into a farm-out agreement to acquire a 20% working interest in Eastern Offshore Indus-C Block…
Chinese Firm Seeks SIFC Help Amid CAREC Tranche-3 Delay
By Aftab Ahmed | September 23, 2025
A Chinese company has approached the Special Investment Facilitation Council (SIFC) as a delay casts a shadow over the CAREC Tranche-3 Project. The much-anticipated Rs. 146 billion CAREC Tranche-3 project, which is a part of Pakistan’s commitments under the Central Asia Regional Economic Cooperation (CAREC) program, faces fresh uncertainty as hurdles continue to delay its…