Finance minister engages lenders, investors in Washington, outlining fiscal targets and economic priorities Minister for Finance and Revenue Senator Muhammad Aurangzeb shakes hands withDeputy Secretary at the United States Department of the Treasury Francis Brooke, on the sidelines of the World Bank–IMF Spring Meetings in Washington, DC. Photo: X Finance Minister Muhammad Aurangzeb held a…
KARACHI: Gold and silver prices recorded another increase on Saturday in both international and local markets after declining on Friday, following a three-day upward trend in global and domestic markets. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), in the international bullion market, the price of gold rose by $45 per ounce…
Global prices rise on weaker dollar, easing geopolitical risks amid potential Iran deal KARACHI: Gold prices in Pakistan fell on Friday, tracking a divergence from the international market where bullion extended gains on the back of a weaker dollar and easing geopolitical risks after signals of a potential Iran deal. In the local market, the…
A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters/ File ISLAMABAD: Pakistan on Friday raised a $500 million debt at 7% interest rate by floating Eurobonds and has separately requested the Bank of China to give an extension in submitting an application for its permission to float $250 million…
Kerosene oil. SINGAPORE/ ISLAMABAD: Pakistani-flagged tanker Shalamar has exited the Gulf via the Strait of Hormuz carrying crude loaded from the United Arab Emirates, shipping data from Kpler and LSEG showed. The Aframax tanker exited the waterway on Thursday laden with about 440,000 barrels of Abu Dhabi’s Das Blend crude loaded earlier this week, Kpler…
ISLAMABAD: Eleven climate and clean energy startups have graduated from the inaugural cohort of Climate Innovation Pakistan (CLIP), a joint national platform by Renewables First and New Energy Nexus, according to a statement issued on Friday. The 12-week incubator programme provides capacity building, tailored mentorship, investor access and regulatory guidance. Unlike traditional entrepreneurship programmes, CLIP…
Minister stresses GSP Plus scheme as cornerstone for export growth, textile sector ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with European Union (EU) Ambassador Raimundas Karoblis to discuss strengthening Pakistan-European Union economic relations, with a particular focus on the upcoming Pakistan-EU Business Forum scheduled for April 28-29, 2026, in Islamabad,…
Pakistan’s finance ministry had projected inflation would remain within a 5% to 6% range in January. PHOTO:FILE KARACHI: Pakistan’s weekly inflation surged to a 75-week high, with the Sensitive Price Indicator (SPI) rising 12.16% year-on-year (YoY) for the week ended April 16, 2026, signalling intense price pressure despite a temporary week-on-week (WoW) decline, according to…
ISLAMABAD: Pakistan has tapped a $300 million Russian seafood market with approval of 16 local processing plants for export of their products. Russian seafood imports are estimated at around $3 billion and now Pakistan can make inroads into this vast market. At present, Pakistan’s overall seafood exports stand close to $500 million per annum, which…
Prime Minister Shehbaz Sharif on Friday approved a reduction in the price of high-speed diesel by Rs32.12 per litre to bring the rate down to Rs353.43 per litre. According to a statement from the Prime Minister’s Office, the approval was part of a decision aimed at providing relief to the public. The government has decided…