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Treasury's doubled buyback program is funded by selling short-term bills. That creates no new money, but it shortens the debt and puts a fiscal hand on long-term rates.
We haven't written up this one. Forbes has the full story — the link below goes straight to it.
Key PointsThe disposition of 133,000 shares was executed at a weighted average price of $49.61 per share, representing a total transaction value of about $6.6 million.
VanEck's concentrated 25-stock approach offers higher individual company exposure, while Invesco's broader 251-position portfolio delivered 47.4% returns over the past year.
Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, gold price per tola reached Rs482,936 after a gain of Rs5,700 during the day. Similarly, 10-gram gold was sold at Rs414,039 after it increased by Rs4,972, according to rates shared by the All-Pakistan Gems and Jewellers…
