Wheat futures ended Friday at $7.84 a bushel after touching their highest intraday level since February 2023, logging a 12.1% weekly rise, the biggest since March 2022. Corn settled at $5.365 a bushel after reaching a July 2023 high, and its August gain is on track to be the strongest since April 2021. Wheat is up more than 54.5% year to date amid escalating Russia-Ukraine tensions in the Black Sea region. Corn has risen 21.8% year to date, supported by tighter U.S. supply expectations.

Pakistan has approved imports of 1 million tons of wheat to bolster domestic supplies and help contain food prices. The country produced about 28.6 million tons, but government and provincial procurement fell short. PASSCO’s strategic reserves have been heavily drawn down to meet provincial needs, while most privately held stocks have not entered the market.

ABHI Microfinance Bank, formerly FINCA Microfinance Bank, said it plans an initial public offering on the Pakistan Stock Exchange this month to raise Rs2 billion to Rs3 billion. The lender reported profit after tax of Rs1.019 billion in 2025, reversing a loss after tax of Rs1.754 billion in 2024. Total assets rose to Rs77.07 billion from a year earlier, while advances expanded 104% to Rs37.56 billion. The IPO and the bank’s financial turnaround are expected to lift sentiment toward Pakistan banking stocks and the broader PSX market.

Gold prices in Pakistan jumped in a single session, with 24-karat gold rising Rs4,000 per tola to Rs431,736 and 10 grams gaining Rs3,430 to Rs370,143. The move followed a $40-per-ounce increase in international prices to $4,093, in line with Pakistan’s pricing mechanism that sets local rates at $20 per ounce above the global benchmark. The report also notes that earlier declines in international prices were mirrored in the domestic market, underscoring the pass-through mechanism.

Domestic gold prices in Pakistan rose for a second straight day, climbing Rs 4,700 per tola to a record Rs 429,236 (about Rs 368,000 per 10 grams). The move followed a $47 surge in international gold to $4,068 per ounce, alongside Pakistan’s pricing formula that sets local rates $20 per ounce above the global price. Silver prices also advanced in the domestic market.

Gold and silver prices in Pakistan rose on Saturday, tracking strength in global bullion markets. The price of 24K gold increased by Rs2,400 per tola to Rs424,236, while 10 grams gained Rs2,057 to Rs363,713. Silver rose by Rs41 per tola to Rs6,070. International gold climbed by $24 to $4,018 per ounce, and Pakistan’s pricing formula sets local gold at $20 per ounce above the global rate.

Gold and silver prices in Pakistan fell sharply on Friday, with gold down Rs3,600 per tola to Rs421,836 and down Rs3,086 per 10 grams to Rs361,656. Silver dropped Rs126 per tola to Rs6,029. The decline followed a $36-per-ounce drop in international gold prices to $3,994 per ounce, and Pakistan’s local pricing formula that sets gold at $20 per ounce above the global rate.

Pakistan has stepped up security around the Saindak copper and gold mine in Balochistan after militant violence disrupted transport routes to the site. The mine is operated by China’s state-owned Metallurgical Corporation of China under a lease extended in 2022, and most output is exported to China. While the mine’s managing director dismissed claims it could shut, he said the operator had sought government support to ensure furnace-oil deliveries and warned the energy ministry that operations could become unsustainable within a month if security along supply lines keeps deteriorating, according to the Financial Times. Security forces have since moved to protect logistics and cargo shipments to the mine.

Gold prices in Pakistan fell Rs 4,700 per tola to Rs430,236, while the 10-gram rate dropped Rs 4,029 to Rs 368,858. Silver also declined domestically, with one tola down Rs.138 to Rs.6,421 and 10 grams down Rs.119 to Rs. 5,504. The move followed a $47-per-ounce fall in international gold to $4,078, with local pricing set at the global rate plus a $20-per-ounce premium.