The per tola price of 24 karat gold increased by Rs.2,600 and was sold at Rs 221,000 on Wednesday compared to its sale at Rs 218,400 on the last trading day. The price of 10 grams of 24 karat gold also increased by Rs 2,229 to Rs 189,472 from Rs187,243 whereas the price of 10 grams 22 karat gold went up to Rs 173,683 from Rs 171,640, the All Sindh Sarafa Jewellers Association reported. The price of per tola and ten-gram silver remained unchanged at Rs.2,620 and Rs.2,246.21 respectively. The price of gold in the international market increased by $29 to $2,062 from $2,033, the Association reported.—APP
It is vital for our economic progress to enhance women’s financial capacity, employment and independence and with this Gender Bond we have achieved all three.
The funds raised are all from commercial investment entities and will be redirected towards enhancing Kashf’s balance sheet towards additional microfinance lending that will greatly improve the lives of women and their families in rural areas.”
RoshanehZafar, Managing Director – Kashf Foundation, said, “The introduction of the pioneering Gender Bond in the capital market, not only empowers women entrepreneurs but also stimulates economic growth. We express our gratitude to InfraZamin for their crucial role as a guarantor, which greatly enhanced investor confidence.
This groundbreaking initiative serves as a powerful example for other organizations to prioritize and harness the economic potential of women. Lauding the launch of Gender Bond, Farrukh H. Khan, MD & CEO, Pakistan Stock Exchange, stated, “On
