Pakistan is moving closer to launching a state-backed digital currency tied to the rupee, which would allow citizens to trade in digital assets. However, the initiative hinges on the approval of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bill, amendments to the SBP Act, and the establishment of a comprehensive legal framework. Appearing before the […]

Gold prices in Pakistan surged to an all-time high as global investors flocked to safe-haven assets amid economic and geopolitical uncertainty. According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of gold rose by Rs6,000 per tola to a historic Rs376,700, while 10 grams jumped Rs5,144 to Rs322,959. The rally mirrors […]

The US Dollar weakened despite previous gains, as investors reassessed global yield movements and a softening US labor market. The US Dollar Index (DXY) dropped toward the 98.00 level, pressured by bearish sentiment ahead of a busy economic calendar, including jobless claims, PMI data, and a speech by Fed’s Williams. Gold surged to a record […]

China marked the 80th anniversary of World War II’s end with a massive military parade in Tiananmen Square, showcasing cutting-edge weapons and geopolitical clout. The display was meant not just for domestic pride but also as a message to global powers—particularly the United States—that a new era of influence may be dawning. Watching from the […]

Markets are bracing for the release of the ADP Employment Change report for August, due Thursday at 12:15 GMT. As the last major labor market indicator before the Federal Reserve’s crucial September 16–17 meeting, this report could significantly sway expectations around interest rate cuts. Following July’s disappointing Nonfarm Payrolls (NFP) report—which led to a senior […]