Following international market trends, gold prices increase in Pakistan by Rs 15,700 At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY Gold prices climbed to a nearly three-week high on Wednesday as markets reassessed near-term risks after US President Donald Trump agreed to suspend bombings and attacks on Iran for two…
WASHINGTON/DUBAI: Iran said on Thursday it would respond with “long and painful strikes” on US positions if Washington renewed attacks, and also reasserted its control over the Strait of Hormuz, complicating US plans for a coalition to reopen the waterway. Two months into the US-Israeli war with Iran, the vital sea channel remains closed, choking…
. ISLAMABAD: The NDMA on Tuesday issued a heat alert for various districts in Sindh and Punjab, warning of potentially severe temperatures starting from April 11. The authority said that districts likely to be impacted include Dadu, Jacobabad, Larkana, and the surrounding areas. “Jamshoro, Qambar Shahdadkot, Ghotki, Khairpur, Sanghar, Umerkot, and Kashmore are also at…
Bullish momentum accelerates as $2 billion Saudi inflow boosts sentiment, strengthens outlook for external stability KARACHI: The rally at the Pakistan Stock Exchange (PSX) gathered fresh momentum on Thursday, with bulls dominating from the opening bell and pushing the benchmark KSE-100 index sharply higher in early trade. Within minutes of the session, the index surged…
Launches new framework to empower youth to save securely and develop responsible financial habits State Bank of Pakistan. Photo: File The State Bank of Pakistan (SBP) said on Wednesday it has launched a new framework for teenagers’ accounts, enabling them to independently own and operate bank accounts and digital wallets. In a press release, the…
Crude plunged on Friday after Tehran said it would allow ships to transit the Strait of Hormuz A map showing the Strait of Hormuz, also known as Madiq Hurmuz, and 3D printed oil barrels are seen in this illustration taken March 26, 2026. PHOTO: REUTERS HONG KONG: With the end of a two-week ceasefire approaching,…
The Islamabad Police arrested a man for allegedly equating the Tarnol railway crossing to the Strait of Hormuz, it emerged on Friday. Washington has imposed a blockade on Iran’s trade by sea, while Iran has prevented ships from sailing through the Strait of Hormuz, the waterway at the entrance to the Middle East Gulf. Nearly…
ISLAMABAD: Pakistan has assured the International Monetary Fund (IMF) that it would review more than 2,660 non-tariff barriers that discourage imports, and many of these will be removed soon, including those restricting the import of mobile phones and cars. In yet another major concession agreed with the IMF under the $7 billion bailout package without…
A4E urges EU to monitor jet fuel supplies, temporarily suspend carbon market for aviation, scrap certain taxes A Lufthansa Airbus 380 refuelling at Frankfurt airport on July 12, 2013. PHOTO: REUTERS European airlines have urged the European Union to step in with emergency measures to tackle repercussions from the Iran war, including widespread airspace closures…
LAHORE: Following the first week of reduced retail timings, the Chainstore Association of Pakistan (CAP) has highlighted the serious challenges faced by the organised retail sector and urged the government to adopt a balanced approach to support formal businesses operating under increasing economic pressure. The organised retail sector represents over 30,000 outlets and contributes significantly…