KARACHI: Gold prices recorded a sharp surge in Pakistan on Wednesday, mirroring gains in the international bullion market, as investors turned to the safe-haven asset amid a weaker US dollar and ahead of the release of key US labour market data. According to the All-Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold…
Oil prices trended lower on Thursday on the progress in Iran-Oman talks, with investors cautiously waiting for signs of a US-Iran peace deal and progress on reopening the Strait of Hormuz. Brent crude futures fell 33 cents, or 0.42%, to $79.12 a barrel. US West Texas Intermediate futures declined 42 cents, or 0.56%, to $74.80 a…
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced a unified transshipment incentive package offering major concessions at Karachi Port and Port Qasim to cut cargo handling costs and attract regional shipping traffic, according to a statement issued on Wednesday. The package, jointly introduced by the Karachi Port Trust (KPT), Port Qasim…
Latest revision takes petrol to Rs333.01 per litre and HSD to Rs383.86 under the new pricing system People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022. Picture taken June 2, 2022. — REUTERS The federal government on Wednesday increased petrol prices by Rs4.45 while decreasing the price…
Saudi Arabia has steadily expanded its investments in the global gaming industry as part of its Vision 2030 strategy A Saudi-led investment group on Wednesday finalised the $55 billion acquisition of American video game publisher Electronic Arts (EA), according to official statements and industry reports. The deal, which takes the publisher of major franchises such…
Gold prices in Pakistan surged by Rs10,000 per tola on Wednesday as rising geopolitical uncertainty and mixed signals over possible renewed negotiations between the United States and Iran boosted demand for precious metals in global and domestic markets. In the international bullion market, gold prices jumped by $100 per ounce to $4,155, triggering a sharp…
Start trading US indices with XM, where regulation, transparency, and informed decision-making come before profits For years, currency pairs and gold dominated local trading activity. However, a significant shift is currently underway in the financial landscape. A rapidly growing number of traders are looking beyond traditional foreign exchange markets and choosing to trade US indices…
Brent crude futures up $1.07, at $80.43 a barrel, US West Texas Intermediate futures up 45 cents, to $76.22 Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. PHOTO: REUTERS Oil prices rose on Wednesday after Yemen’s Iran-aligned Houthi rebels said they…
SWIFT WORK: Planning minister said that hopefully a financing agreement would be reached during the technical group meeting. In case of delay, Pakistan may start implementing the project through its own resources due to the urgency of having an alternative road. PHOTO:FILE ISLAMABAD: Pakistan is set to request China to allow top local firms to…
ISLAMABAD: A public gas utility suffered losses of billions of rupees after the liquefied petroleum gas (LPG) air-mix plant project was abandoned despite purchase of relevant equipment and goods. The previous government of Pakistan Muslim League-Nawaz (PML-N) in 2016 and 2018 decided to set up LPG air-mix plants in far-flung areas by providing a subsidy…