Exporters in Pakistan are increasingly turning to forward dollar sales to hedge against risks linked to the country’s managed exchange rate, currency dealers reported. Despite a slight appreciation of the Pakistani rupee against the US dollar, exporters remain cautious and prefer to lock in future exchange rates amid fears of potential volatility once currency controls are eased. Dealers in the

Oil & Gas Development Company Limited (OGDCL) has reported a major hydrocarbon discovery at the Bitrism East-1 well located in Khairpur, Sindh. This development marks a significant step in enhancing Pakistan’s domestic energy reserves. Drilling at the site began on June 30, 2025, and the well was drilled to a depth of 3,800 meters targeting the Sembar Formation. Following completion of Drill

Pakistan has successfully delivered its first shipment of rare earth elements and critical minerals to US Strategic Metals in the United States, marking a significant milestone in the country’s entry into the global high-value minerals market. The consignment includes antimony, copper concentrate, and rare earth elements such as neodymium and praseodymium—all sourced and processed domestically.

Gold prices in Pakistan showed no movement on Friday, maintaining their position above Rs. 400,000 per tola, in line with a stable trend in the international bullion market.