Gold Hits Record Rs376,700 as Global Rally and Fed Speculation Drive Demand
Gold prices in Pakistan soared to a record Rs376,700 per tola as global demand strengthened on expectations of a US Federal Reserve rate cut. With spot gold hitting new highs internationally and Pakistan’s rupee extending its gains, the financial landscape highlights the impact of global uncertainties and domestic monetary policy.
SBP to Launch Government Securities Auctions via PRISM+ Platform in July
The State Bank of Pakistan is set to conduct auctions of government securities and open market operations via its upgraded PRISM+ system starting next month, signaling a move toward greater transparency and digitization in financial market operations.
SBP to Shift Government Securities Auctions and OMOs to PRISM+ Platform Starting Next Month
The State Bank of Pakistan will conduct all future government securities auctions, buybacks, and OMOs through the PRISM+ platform starting next month, aiming to modernize and streamline market operations.