At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold and silver prices increased in local markets on Friday after a surge in the international bullion market. The price of gold per ounce rose by $30, reaching $4,753. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the…
Flags recovery but warns inflation may rise to 6.5% by FY2027 amid global uncertainty, Middle East tensions A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters/ File Pakistan’s economy is expected to grow by 3.5% in fiscal year 2026 and 4.5% in FY2027, as a recovery in manufacturing and…
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY HOUSTON: Oil prices pared gains to rise about 1% on Thursday after Israel said it would start direct negotiations with Lebanon…
Three-day event to showcase diversity, competitiveness as economy shows cautious optimism KARACHI: As the economy is rebounding, the industrial city of Gujranwala, widely regarded as a byproduct of Pakistan’s Green Revolution in the 1960s, is set to showcase its industrial strength, innovation and craftsmanship at a three-day exhibition at the Karachi Expo Center from April…
Service Long March targets $100m exports as Pakistan becomes fifth-largest tyre exporter to US Between the years 2013 and 2021, the Chinese investment increased six-and-a-half times to $6.1b but the US investment dropped three-fourths to $1.5b, said the BOI secretary. PHOTO: FILE ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a meeting with Jin…
KARACHI: Gold prices in Pakistan recorded a sharp increase on Wednesday, tracking gains in the international market, where bullion climbed to a near three-week high amid easing geopolitical tensions and a softer US dollar. In the local market, the price of gold per tola jumped by Rs15,700 to reach Rs504,162, according to the rates issued…
Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file KARACHI: Pakistan’s workers’ remittances posted a year-on-year decline in March 2026, reflecting emerging external risks even as overall inflows remain strong, with analysts warning that…
Survey shows 22% rural households spend 40% income on housing as deficit exceeds 10m units KARACHI: Housing quality and living conditions in Pakistan reveal a stark contrast between urban and rural areas, reflecting not just numbers but the everyday realities faced by millions of families across the country. While homeownership rates stand at 52% in…
Islamabad well positioned to deepen energy & trade ties, establish rail & road transit corridor with Iran LAHORE: When Pakistan’s Prime Minister Shehbaz Sharif posted a carefully worded appeal on X in the early hours of Wednesday, requesting President Trump to extend his deadline by two weeks and simultaneously urging Iran to open the Strait…
KARACHI: The Pakistan Stock Exchange (PSX) erupted in jubilation on Wednesday, registering its highest single-day gain of over 14,000 points (+9%) in history, as investors cheered the global peace momentum brokered by Pakistan and easing tensions between the United States and Iran. As trading commenced in the morning, the KSE-30 index rallied sharply, which sparked…