Gold and silver prices extended their decline on Wednesday in the local market after the price of gold per ounce fell by $12 to $4,766 in the international market. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), in local markets, the price of gold per tola decreased by Rs1,200 to Rs498,962, while…
United Kingdom Maritime Trade Operations said master of the vessel reported being approached by an IRGC gunboat At least three container ships were hit by gunfire in the Strait of Hormuz on Wednesday, maritime security sources and the United Kingdom Maritime Trade Operations (UKMTO) said. Iran has imposed restrictions on ships using the strait, first…
RAWALPINDI: Ahead of the monsoon season, the cleaning and desilting of Nullah Leh and 15 city drainage channels will be completed at a cost of Rs80 million. The operation is scheduled to begin on May 1 and will be finalised by June 15. The Water and Sanitation Agency (WASA) has initiated the contracting process for…
Jam Kamal sees grassroots training as external trade engine with digital linkages ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has said that Pakistan can significantly boost its exports by combining skills development, e-commerce integration and gradual formalisation of the economy, while ensuring a level playing field for compliant businesses, according to a statement issued…
Saudi inflows offer limited support as US-Iran uncertainty keeps investors cautious The Pakistan Stock Exchange (PSX) displayed a fragile and indecisive tone on Wednesday, reflecting heightened geopolitical uncertainty and cautious investor sentiment. The benchmark KSE-100 index opened under pressure, setting a jittery tone early in the session. Intra-day movement remained volatile, with the market briefly…
PM says, Pakistan values its cordial and friendly relations with Bulgaria, expresses hope for closer cooperation Prime Minister Shehbaz Sharif on Wednesday congratulated Rumen Radev on what he described as a “historic victory” in Bulgaria’s recent parliamentary elections. In a post shared by the PM Shehbaz on X, he said Pakistan “values its cordial and…
Index still ends in green, supported by hopes for US-Iran talks, $1b Saudi inflow KARACHI: Buyers returned to the Pakistan Stock Exchange (PSX) on Tuesday with notable strength as confidence grew amid optimism about a potential second round of US-Iran talks aimed at resolving the ongoing conflict. Expectations that diplomacy may progress weighed on global…
A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026. PHOTO: REUTERS With the two-week truce in its final hours, the US president said he would push the deadline back indefinitely following a request from mediator Pakistan and stressing…
FM Dar stresses importance of dialogue, diplomacy for peaceful resolution of conflicts Foreign Minister Ishaq Dar meets with British High Commissioner Jane Marriott. PHOTO: MoFA/ X British High Commissioner Jane Marriott on Wednesday praised and supported “Pakistan’s facilitative role in bringing the US and Iran to the negotiating table” during a meeting with Deputy Prime…
Maritime minister calls move major administrative breakthrough, ends career stagnation ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the promotion of 170 Karachi Port Security Force personnel after a 24-year wait, according to an official statement issued on Tuesday. During a high-level meeting chaired by the minister, Karachi Port Trust (KPT)…