Gold price rises in Pakistan after two-day slump
Gold prices in Pakistan rose by Rs900 per tola on Wednesday, ending a two-day decline as global bullion stayed firm.
Gold prices in Pakistan rose by Rs900 per tola on Wednesday, ending a two-day decline as global bullion stayed firm.
Pakistan stocks bounced back after Tuesday's steep selloff, with broad buying interest pushing the KSE-100 Index up over 3,000 points.
Oil prices climbed above $86 as escalating US-Iran tensions heightened fears of supply disruptions through the Strait of Hormuz.
Pakistan says retirement of Rs4.7 trillion in public debt has lowered financial risks, improved debt profile and strengthened stability.
Pakistan stocks plunged over 6,400 points as geopolitical tensions and soaring oil prices triggered widespread selling across the market.
Gold prices in Pakistan fell by Rs5,600 per tola on Tuesday as weaker international bullion rates weighed on local markets.
Oil prices surged to a four week high as escalating US-Iran tensions heightened fears over global crude supplies and shipping.
Pakistan's debt burden eased as fiscal discipline, slower borrowing and debt management improved the country's financial position.
Pakistan's gold market declined after international prices dropped on growing concerns over conflict, inflation and US interest rates.