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A rising trend in the benchmark PSX-100 index

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The trading week saw a positive trend on the Pakistan Stock Exchange. The 100 Index bounced back, rising 238 points to 114,075.

Additionally, the 100-Index gained pace during the session, rising 293 points to close at 114,108.

The market’s upswing is attributed by experts to heightened investor confidence. Another important factor in bolstering the stock market is improved global conditions and economic policy.

Experts predict that more advancements in the days ahead are possible if this trend keeps up. It is recommended that investors use caution when keeping their money in the market.

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PM Leads Review Meeting: PM Shehbaz Calls for Quick FBR Reforms to Address Outstanding Tax Cases

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Shehbaz Sharif, the Prime Minister of Pakistan, underlined the urgent need to adopt reforms within the Federal Board of Revenue in order to improve efficiency and achieve positive results.

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January 16, 2025: The value of the Pakistani Rupee (PKR) in relation to the US dollar is unchanged.

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The open market exchange rate between the US dollar and the Pakistani rupee was Rs 278.1 on January 16, 2025, while the selling rate was Rs 279.8. The interbank exchange rate between the US dollar and the Pakistani rupee is Rs 278.45, according to Interbank.

There was no movement in the US dollar (USD) from the previous closure of Rs278.

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Pakistan’s current gold rate as of January 16, 2025

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As of January 16, 2025, the price of one tola of 24 carat gold in Pakistan is Rs 285,500, while the price of 10g of 24-karat gold is Rs 285,000, based on the latest data from the bullion markets in Karachi, Multan, and Lahore.

Gold rates are as follows: 24K gold, 22K gold, Rs 285,500, Rs 260,791 for 10 grams, Rs 243,920, Rs 223,593 for 1 gram, Rs 24,392, Rs 22,359
Gold prices in Pakistani cities: Karachi: Rs 285,500; Karachi: Rs 260,791; City: Rs 24K per Tola; Tola: Rs 22K per Tola
Rs 284,500 Rs 260,791 in Islamabad Rs 284,500 Rs 260,791 in Lahore Rs 284,500 Rs 260,791 in Multan Rs 284,500 Rs 260,791 in Peshawar
It is important to note that the cost is never fixed because the price of gold in Pakistan varies frequently in accordance with the global market. The above rates are offered by local gold markets and Sarafa markets in different cities.

The above tariffs were supplied by Sarafa Markets in different cities.

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