The caretaker federal government has refuted rumors circulating on social media regarding the discontinuation of Rs5,000 bank notes in Pakistan. The denial comes in response to a purported notification from the Finance Division, which falsely claimed a ban on the use and circulation of the Rs5,000 currency note across the country. “In pursuance of sub-section…
The Pakistani rupee showed an upward trend in the interbank market as trading resumed after the weekend. In the early hours, the local currency reached 286.10, marking an increase of Rs0.40. On Friday, the PKR ended its losing streak by closing the week Rs0.53 higher at 286.50. The rebound in the Pakistani rupee follows a…
On the first trading day of the new week, gold prices in the domestic market showed stability. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of per tola and 10 grams of 24 carats gold remained unchanged at Rs215,100 and Rs184,414, respectively. In contrast, the international market experienced a slight uptick…
Recently revealed details indicate that Caretaker Prime Minister Anwaarul Haq Kakar possesses assets valued at Rs48.182 million, including gold and agricultural land. The premier has declared the value of 10 tola gold at Rs80,000, indicating Rs8,000 per tola. Additionally, he owns a house in DHA Karachi with a declared value of Rs4 million, two acres…
The Pakistani rupee continues to lose ground against the US dollar and other currencies in the open market, primarily due to increased pressure for import payments. The month of November witnessed substantial buying of the dollar for import payments, exacerbating the strain on the local unit. As of Thursday, the exchange rate for the US…
Karachi, Thursday—Gold prices showed a slight decrease in both local and international markets on Thursday, following a recent upward trend. According to data provided by the All Pakistan Gems and Jewellers Association, the per tola gold price saw a reduction of Rs500, settling at Rs214,300. Similarly, the price of 10-gram gold dropped by Rs428, reaching…
The country facing a financial crisis has witnessed significant dollar buying for import payments, placing pressure on the local currency. The Pakistani rupee continues its depreciation against the US dollar and other currencies in the open market due to a surge in demand for the greenback. Today’s currency exchange rates in Pakistan, as of November…
Gold prices in the local market experienced an upward trajectory on Wednesday, mirroring the rise in international prices. According to data released by the All Pakistan Gems and Jewellers Association, the per tola gold price rose by Rs2,000, reaching Rs214,800, while the 10-gram price reached Rs184,156, marking an increase of Rs1,714. In the international market,…
Amid an alarming surge in smog levels, Lahore, Pakistan’s second-largest city, is grappling with the Air Quality Index (AQI) hitting around 400. The toxic atmosphere in the provincial capital has become a recurring issue, giving rise to a so-called fifth season of smog that significantly impacts the health and daily activities of residents. On Tuesday,…
In the opening hours of trading, the Pakistan Stock Exchange (PSX) experienced a notable surge as the benchmark KSE-100 Index moved up by 285 points, reaching a new milestone with the 100-index hovering at 56,850 points. On Monday, the stock market achieved a historic moment by concluding at 56,524 points, surpassing the 56,000-point threshold for…
Reaching a historic high of 56,000 on its benchmark index, the Pakistan Stock Exchange (PSX) continued its upward momentum, buoyed by robust domestic buying. On the first working day of the week, the PSX benchmark displayed a strong start, surpassing the 56,000-point milestone, representing another noteworthy achievement. The stock market, commencing at 55,376 points, witnessed…
In both the open market and interbank, the Pakistani rupee continued its downward trend against the US dollar, influenced by a surge in demand for the greenback. On the first working day of the week, the local currency witnessed a 0.47 decline, reaching 287.50 during the initial trading hours on Monday, indicating another decrease. The…
As of today, Sunday, the local currency’s exchange rate against the US dollar is 286.9 for buying and 289.65 for selling. The Pakistani rupee remains stable against the US dollar, British Pound, Saudi Riyal, and other currencies in the open market. The British Pound (GBP) is quoted at 353.5 for buying and 357 for selling….
On Saturday, the per tola price of 24-Karat gold in the Pakistani market witnessed an upward trend, despite a decrease in the international market. The quoted price stood at Rs213,000, with the price of 10-gram gold at Rs182,610. The rates for different karats are as follows: Single tola of 22 Karat Gold: Rs196,165 21 karat…
Today, on Saturday, the Pakistani rupee faced continued pressure against the US dollar, British Pound, Saudi Riyal, and other currencies in the open market. The local currency experienced a marginal decline against the US dollar, marking a persistent fall over the last two weeks. The current exchange rate stands at 286.9 for buying and 289.65…