International market surges over 1% on easing tensions, softer Fed stance; rupee inches up KARACHI: Gold prices in Pakistan rose sharply on Tuesday, mirroring gains in the international market, where the precious metal climbed more than 1%. The uptick came on hopes of a diplomatic breakthrough between the United States and Iran that could ease…
ISLAMABAD: Pakistan has invited Chinese investors to expand investment in its ports, logistics and maritime sectors, with the government committing to transform the country into a regional transit trade, logistics and industrial hub, according to a statement on Tuesday. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry made the pitch at the Regional Transit…
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance, circulation and publication of prospectus for the initial public offering of Tasdeeq Information Services Limited, marking the first IPO clearance for fiscal year 2026-27. The approval comes after the regulator’s new management, which assumed office in February 2026, accelerated the processing of…
LAHORE: Former Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) chairman Ijaz A Khokhar has been elected vice president of the International Apparel Federation (IAF), becoming the first Pakistani to hold the position. The announcement was made during the IAF General Assembly, where members unanimously approved his nomination, according to PRGMEA. The development comes as…
Petrol will cost Rs320.73 per litre, while high-speed diesel has been fixed at Rs367.21 A petrol pump in the federal capital seen in this undated image. —FILEPHOTO The federal government on Tuesday increased the prices of petrol and high-speed diesel (HSD) by Rs4.93 and Rs7.15 per litre, respectively, for July 22. According to a notification…
Finance ministry says three bank consortiums were selected to support Pakistan’s future sovereign debt issuances The government has appointed consortiums of international banks to manage future sovereign debt issuances under its Global Medium-Term Note (GMTN) and international sukuk programmes, the Ministry of Finance said on Tuesday, marking a step towards the country’s planned return to…
ISLAMABAD: The federal and provincial governments met on Monday for the second time to avert a brewing wheat crisis after two largest producing provinces declared shortages and sought releases from federal reserves to arrest soaring prices. Punjab has demanded one million tonnes from the federal government while Sindh has asked a minimum 220,000 metric tonnes…
BRUSSELS: Alibaba’s AliExpress was hit with a record 550 million ($629 million) fine from the European Union on Monday for failing to tackle sales of illegal, unsafe and counterfeit products on its platform. The fine was the third issued by the European Commission under the EU’s landmark Digital Services Act, which requires very large online…
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with a delegation of the Pakistan Petroleum Dealers Association (PPDA), led by Chief Adviser Malik Khuda Baksh, to discuss petroleum pricing reforms, deregulation, and matters concerning petroleum dealers. The PPDA delegation appreciated the government’s effective management of petroleum product supplies during the challenges arising…
Ali Pervaiz Malik says government remained committed to expanding its long-standing energy cooperation with Kuwait Petroleum Minister Ali Pervaiz Malik holds meeting with Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq Ibrahim. SCREENGRAB Petroleum Minister Ali Pervaiz Malik on Tuesday met Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President for Operations Tariq…