Gold prices in Pakistan dropped heavily for the second day of the business week. The price per tola fell by 2,200 rupees to 2 lakh 5 thousand rupees, while the price of ten grams declined by 1,887 rupees to 1 lakh 75 thousand 754 rupees. The slide extends a sharp correction that began a day […]
Pakistan's open currency market recorded a broad pullback as the euro, pound, dirham and riyal all declined after the dollar's earlier move. According to media reports, the euro shed 8 rupees to trade at 305 rupees, the pound dropped 13 rupees to 355 rupees, the dirham slipped 6.30 rupees to 72.70 rupees, and the riyal […]
The dollar turned expensive once more in Karachi's currency markets, reversing the relief seen a day earlier. After closing at 275 rupees and 44 paise in the interbank market, up 10 rupees and 55 paise, the greenback gained another 1 rupee and 97 paise during the day's trading. By the close of business, the interbank […]
JS Bank has signed a memorandum of understanding with Beaconhouse National University to establish a dedicated Chair in Sustainability and Fintech, funded by the bank. The university, described as Pakistan's first not for profit liberal arts institution, will host the chair as a hub for research, innovation and thought leadership. The chair's agenda spans research […]
Zameen.com has registered Punjab's first Real Estate Investment Trust, a milestone for organized property investment in the province. The trust, named Zameen Five, will channel investor money into five premium developments in Lahore: Zameen Quadrangle, Zameen Aurum and Zameen Neo in Gulberg, Zameen Jade in Sukh Chayn Gardens, and Zameen Phoenix on Main Canal Bank […]
Servaid, Pakistan's largest and only franchised chain of retail pharmacies, has lost another set of investors, this time from Saudi Arabia, adding a fresh chapter to a turbulent corporate history. In nearly two decades of operation, the company has passed through four ownership changes, a record that has made its survival a recurring question. Founded […]
ZLK Islamic Financial Services has joined hands with Dubai Islamic Bank Pakistan Limited to widen access to investment products that comply with Shariah. The memorandum of understanding was signed in Karachi by Junaid Ahmed, chief executive of the bank, and Zahid Latif Khan, chairman of ZLK. Dubai Islamic Bank Pakistan is a subsidiary of Dubai […]
Punjab took its investment pitch to Shanghai on December 12, 2024, where the Punjab Investment Conference drew a slate of funding pledges and partnership deals. Hosted by the venture capital firm Gobi Partners, the event was framed as a showcase of the province's push for innovation, sustainable development and global collaboration. The headline announcement was […]
Pakistani rice exporters are looking at a rare opening in the American market after Washington kept a fifty percent levy on basmati rice from India while applying a far lower nineteen percent rate to shipments from Pakistan. The gap follows American punitive measures linked to India's energy and trade ties with Russia, which swept Indian […]
The federal government has unveiled a one billion dollar plan to make artificial intelligence a pillar of Pakistan's economy. The announcement came from Prime Minister Shehbaz Sharif during the inaugural Indus AI Week in Islamabad, with the Ministry of IT and Telecommunication tasked to lead the effort. The stated goal is a strong national AI […]
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