The US dollar falls to its lowest level in six weeks, making greenback-denominated commodities Gold and Silver prices rose on Thursday in Pakistan, supported by a weaker dollar and lower US Treasury yields, as investors grew optimistic about a potential end to the Middle East war, which has stoked fears of higher inflation. Spot gold…
Bullish momentum accelerates as $2 billion Saudi inflow boosts sentiment, strengthens outlook for external stability KARACHI: The rally at the Pakistan Stock Exchange (PSX) gathered fresh momentum on Thursday, with bulls dominating from the opening bell and pushing the benchmark KSE-100 index sharply higher in early trade. Within minutes of the session, the index surged…
On January 1, 2025, 21 states increased their minimum wage rates. PHOTO: PEXELS ISLAMABAD: A European Union (EU) official on Wednesday urged Pakistan to make a decision about a $1 billion investment offer by Maersk before the window closes, as the 27-nation bloc is set to host European investors in Islamabad to explore more investment…
KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday as investors reacted positively to Saudi Arabia’s commitment of an additional $3 billion in deposits. Trading commenced on a cheery note and by 9:34am the benchmark KSE-100 index had surged 4,287 points, or 2.59%. The strong move pushed the index above 170,000 within…
In this handout photo, taken and released by Karachi Port Trust, a container ship sits docked at the Karachi Port in Karachi on May 29, 2024. Photo: KPT KARACHI: Karachi Gateway Terminal Limited (KGTL) and Karachi Gateway Terminal Multipurpose Limited (KGTML) Chief Executive Officer Khurram Aziz Khan has said that major infrastructure upgrades at the…
Aurangzeb says govt assessing second, third-round effects of crisis on economic indicators Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb participated in a meeting convened by…
Says the government considers buying liquefied natural gas on the spot market to offset supply disruptions Minister for Petroleum and Natural Resources Ali Pervaiz Malik speaks during an interview with Reuters, during the Pakistan Minerals Investment Forum 2025, in Islamabad, Pakistan April 8, 2025. Photo: Reuters Minister for Petroleum Ali Pervaiz Malik said on Wednesday…
Says discovery in Bazgai X-1 well in Nashpa block is producing 15,005 barrels of oil, 45.36 MMSCFD of gas per day Minister for Petroleum Ali Pervaiz Malik inaugurates commercial production from OGDC’s Baragzai X-01 well in the Nashpa block, Kohat, on Tuesday. Photo: APP In a major development amid the ongoing energy crisis, the Oil…
PVARA chairman terms it a foundational step in bringing virtual assets into the formal financial system of Pakistan State Bank of Pakistan. Photo: File The State Bank of Pakistan (SBP) has allowed banks to open accounts for licensed virtual asset service providers, overriding a 2018 ban, as the country moves to integrate digital assets into the…
Compliance with tax regulations is mandatory, including a valid NTN and active filer status with the FBR ISLAMABAD: Engineering Development Board (EDB) CEO Hamad Ali Mansoor has issued a comprehensive code of conduct for the import of used vehicles, stating that ensuring transparency, quality standards and consumer protection remains his top priority, according to an…