Pakistan wants to sell a big chunk of its 25 percent stake in the Reko Diq mine in exchange for $1 billion cash. Saudis are fetching and look like serious contenders to get it in the next few months.
The Pakistan Stock Exchange (PSX) rallied to a new all-time high on Monday, surpassing its previous high of 70,909 seen on Friday last week.
After opening trade at 70,910 points, the benchmark KSE-100 index went up by 1.34 percent
The Pakistani rupee reversed Friday’s gains against the US Dollar after opening trade at 278 in the interbank market.
It was largely stable against the greenback and other major currencies today.
The interbank rate stayed at 278.75 most of
The price of gold in Pakistan fell by Rs. 3,500 per tola on Monday as geopolitical tensions in the Middle East eased.
According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) decreased by