M Ali Malik appointed after long vacancy; finance ministry interviews candidates for NBP president State Bank of Pakistan. Photo: File ISLAMABAD: The government on Monday appointed Muhammad Ali Malik as new deputy governor of the central bank and also conducted interviews for the position of President of the National Bank of Pakistan (NBP) amid a…
El Nino warms surface temperatures in the central and eastern equatorial Pacific Ocean. PHOTO: AFP KARACHI: Pakistan’s macroeconomic outlook remains vulnerable to a prolonged or widened Middle East conflict that could keep global oil, freight and insurance costs elevated, the State Bank of Pakistan warned in its August 2026 Monetary Policy Report. The report also…
Company signs over 10 customer agreements for licensed data feed launched on August 1, says continues to add partners The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker “DJT”, in New York City, US, March 26, 2024. PHOTO: REUTERS…
KARACHI: Gold and silver prices increased further in global and local markets on Tuesday, with international bullion rates pushing domestic prices higher. In the international bullion market, gold prices rose by $24 per ounce during trading, reaching $4,373 per ounce. Following the global trend, gold prices in Pakistan’s local bullion markets also recorded a significant increase….
Newmont consented to Barrick’s planned North American gold IPO as part of the agreement BENGALURU: Barrick Mining reported second-quarter profit below estimates as higher costs at its gold operations offset rising bullion prices, while it struck a $1.95 billion deal with Newmont to settle disputes over Nevada Gold Mines, the companies said. Newmont consented to…
KARACHI: Pakistan will need sustained real economic growth of 6% to 7% annually to cope with a rapidly expanding population and create enough jobs, infrastructure and public services, business leaders said on Monday. They warned that the current growth rate is insufficient to meet the country’s future needs. The country’s population could approach 400 million…
Benchmark Index traded between an intraday high of 181,017.29 and a low of 180,076.22 KARACHI: The Pakistan Stock Exchange (PSX) turned lower on Tuesday, with the benchmark KSE-100 Index shedding more than 1,100 points by midday as a jump in oil prices and diminishing hopes of a US-Iran agreement to reopen the Strait of Hormuz…
Return to the debate of 1940-47, and to a man who deserves better than his admirers have given him ISLAMABAD: It has become the fashion, when this country is discussed, to hold the funeral first and check the pulse afterwards. Lamentation passes for analysis; the longest face is presumed the best-read. The faults are real…
Oil prices steadied on Tuesday at more than one-week highs amid fading hopes of a deal between the US and Iran to end their war and reopen the Strait of Hormuz, after President Donald Trump demanded compensation for damage the US has incurred. Brent crude futures fell 10 cents, or 0.11%, to $87.62 a barrel, while US West…
Pakistan Finance Minister Muhammad Aurangzeb. Photo: Reuters/ File ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met US Chargé d’Affaires Natalie Baker on Monday to discuss bilateral economic relations and opportunities for strengthening financial cooperation, a statement from the Finance Division said. Aurangzeb briefed Baker on his recent visit to Washington, where he…