ISLAMABAD: Despite challenges arising from the US-Iran conflict, rising oil prices, increased freight and insurance costs and a global risk-off trend, Pakistan’s capital market remained resilient. In this regard, the Securities and Exchange Commission of Pakistan (SECP) has released its quarterly review report for the third quarter of fiscal year 2025-26. According to the SECP,…
Exit of UAE widens rift with Saudi Arabia, which is effectively OPEC’s leader The United Arab Emirates is reassessing its role and contributions across multilateral organisations but is not considering any further withdrawals at this time, a UAE official told Reuters on Wednesday, a day after Abu Dhabi announced its withdrawal from the Organisation of…
KARACHI: Gold prices in Pakistan extended their decline on Wednesday, tracking losses in the international market, where bullion fell for a third consecutive session amid uncertainty over global monetary policy and geopolitical tensions. In the local market, the price of gold per tola dropped by Rs5,500 to settle at Rs479,562, according to rates issued by…
Says the international community doesn’t have a plan B so plan A needs to achieve a peaceful resolution Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari. SCREENGRAB Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari said on Friday that the international community “does not have a Plan B”, warning of catastrophic human and economic consequences if…
Says country recently re-entered international capital markets after 4-year hiatus through Eurobond transaction Finance Minister Muhammad Aurangzeb holds meeting with European Union ambassador, Raimundas Karoblis in Islamabad. PHOTO: X Finance Minister Muhammad Aurangzeb on Tuesday said the country was making a steady return to macroeconomic stability and regaining access to international capital markets. According to…
President Asif Ali Zardari confers the Sitara-e-Pakistan on Prof Pan Xiangbin at a special investiture ceremony in Changsha. PHOTO: APP ISLAMABAD: Pakistan and China have signed three memorandums of understanding (MoUs) aimed at strengthening bilateral cooperation in desalination, agricultural technology and the tea industry, in a move expected to boost investment, technology transfer and economic…
ISLAMABAD: The seniority of judges at the Islamabad High Court (IHC) has reshuffled after three judges transferred to different provincial high courts; Justice Sardar Ejaz Ishaq Khan is now the senior puisne judge. Last week, the Judicial Commission of Pakistan (JCP) approved the transfer of Justice Mohsin Akhtar Kayani, Justice Babar Sattar and Justice Saman…
Study highlights that the country has emerged as one of the leading solar markets within five years ISLAMABAD: Electricity prices in Pakistan have surged by 155% over the past three years, with capacity payments and the depreciation of the rupee identified as major drivers, according to a new assessment that underscores mounting pressure on household…
ISLAMABAD: At least three people were injured in a terrorist drone attack on a cricket ground in the Mamund area of Khyber-Pakhtunkhwa’s Bajaur district on Friday, according to state media. According to state broadcaster PTV News, the attack was carried out using a quadcopter in the Shahi Tangi area of Mamund tehsil while a cricket…
Says Pakistan and China should deepen collaboration in construction machinery, digital manufacturing, energy sectors President Asif Ali Zardari on Sunday underscored the need to promote industrial technology, skills development and joint ventures with China, saying such partnerships could significantly support Pakistan’s infrastructure and industrial growth. The president, who is on a week-long visit to China’s…