Gold Prices Surge in Pakistan Following Global Market Trends
Gold prices in Pakistan surged significantly on Wednesday, with per tola rates reaching Rs582,562 after a Rs2,300 gain, tracking international market increases of $23 per ounce.
Category : Business
NEPRA Weighs Fixed Charges for Small Power Users Post Net Metering
Pakistan's NEPRA is evaluating fixed monthly charges for small electricity consumers after net metering changes, potentially impacting household bills and renewable energy adoption nationwide.
Greenland Ice Melt Endangers Traditional Seal Hunting
Hunter Malik Kleist in Sisimiut struggles as sea ice fails to freeze, forcing longer voyages to find seals. Arctic warming accelerates, disrupting centuries-old hunting traditions in Greenland.
Action Sought on Inferior LPG Cylinders in Pakistan
Consumer rights groups in Pakistan are urging authorities to crack down on the sale of substandard LPG cylinders, citing severe safety risks and economic losses for users.
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PSX Modestly Lower Amid Volatile Trading
The Pakistan Stock Exchange (PSX) experienced a slight downturn with volatile trading as investors reacted to economic indicators and global market trends.
Minister Defends Net Metering Abolition Amid Senate Fury
Pakistan's Power Minister justifies the move to abolish net metering, citing legal compliance, while facing strong opposition and criticism in the Senate over the decision.
PM Shehbaz: Raqami Digital Bank License Boosts Pakistan-Kuwait Ties
Prime Minister Shehbaz Sharif described the commercial license for Raqami Islamic Digital Bank as a major financial sector milestone and a significant step in strengthening Pakistan-Kuwait economic cooperation.
Karachi Textile Factory Fire Stopped After 16 Hours
A major blaze at a textile factory in Karachi was finally extinguished after 16 hours of intense firefighting efforts by emergency services, highlighting industrial safety concerns.
Indonesian Minister Arrives for Pakistan Trade Talks
Indonesian Investment Minister Bahlil Lahadalia has arrived in Pakistan for crucial trade discussions aimed at boosting bilateral economic ties and exploring new investment opportunities.
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SBP Projects $18 Billion Forex Reserves by June 2026
State Bank of Pakistan anticipates foreign currency reserves to reach $18 billion by June 2026, providing three months import cover, with continued growth expected in FY27 amid improved macroeconomic conditions.
Germany Pledges Support for Pakistan's Apparel Industry Growth
German Ambassador Ina Lepel emphasizes Germany's commitment to boosting Pakistan's apparel exports, highlighting a decade of stagnation and calling for diversification and innovation to enhance global competitiveness.
Colonisation of Irrigated Land and Urbanisation in Pakistan
The colonisation of irrigated land and urbanisation of peripheries in Pakistan are causing significant environmental and social issues, including water scarcity and displacement of communities.
Euro Zone Bond Yields Mixed on US Data, Japan Election
Euro zone government bond yields showed mixed movements as investors await key US economic data, with Japan's election outcome influencing global markets. German and US yields rose slightly, while Italian yields dipped.
Ramazan Date Price Surge and Adulteration in Rawalpindi
As Ramazan nears, Rawalpindi's wholesale markets see soaring date prices and widespread adulteration, with vendors selling processed old dates as fresh, affecting consumers across the region.
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Pakistan's Economic Freedom: Mixed Outlook Amid Reforms
The Heritage Institute's 2025 Index of Economic Freedom ranks Pakistan 150th out of 184 economies, labeling it 'repressed.' While recent reforms show promise, challenges like judicial interference and high informal employment persist.
Pakistan's Clean Energy Legacy for Future Generations
Pakistan's transition to clean energy is crucial for environmental sustainability and economic growth, aiming to leave a healthier planet for future generations.
Karachi Industries Halted by Water Crisis, Economy at Risk
Industrial activity in Karachi's SITE area has completely stopped due to water supply suspension, raising alarms about severe economic damage to Pakistan's largest revenue-generating sector.
Bithumb Accidentally Gives Away $40B Bitcoin, Triggers Selloff
A major cryptocurrency exchange in South Korea, Bithumb, accidentally distributed $40 billion worth of Bitcoin to users, causing a significant market selloff and raising concerns about security and regulatory oversight in the digital asset industry.
Pakistan, Uzbekistan Set $2B Trade Target to Boost Economic Ties
Pakistan and Uzbekistan have agreed to set a $2 billion trade target, aiming to enhance bilateral economic cooperation and strengthen regional connectivity through new agreements.
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Bitcoin Nears $70,000 Break Amid Crypto Rout
Bitcoin approaches key $70,000 support amid sharp declines triggered by Fed Chair nomination fears, with analysts citing institutional ETF outflows and fragile sentiment.
Car Ownership Drops to 11 per 1,000 in Pakistan
Car ownership in Pakistan has declined to just 11 vehicles per 1,000 people, highlighting economic challenges and rising costs affecting consumer spending.
UAE Debt Rollover: Pakistan Officials Silent on One-Month Extension
Pakistan's finance minister and central bank governor avoided explaining the UAE's one-month extension of $2 billion debt, while confirming all $12 billion bilateral commitments remain intact amid IMF program.
US Aid Cuts Deepen Economic Strain in Pakistan
Pakistan's economy is under pressure as US aid reductions affect sectors like security and development, raising concerns over fiscal stability and growth prospects amid ongoing challenges.
PSX Gains 931 Points as Banking Stocks Lead Rally
The Pakistan Stock Exchange continued its upward trajectory as the KSE-100 index closed at 187,832.08 points, gaining 0.50% amid volatile trading. Banking and financial stocks drove the rally with improved investor confidence and easing geopolitical tensi
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Disney Names Josh D'Amaro CEO for Post-Iger Leadership
The Walt Disney Company has selected Josh D'Amaro, the current head of its parks division, as the new CEO to guide the company after Bob Iger's tenure, marking a strategic shift in leadership.
PIA Partners with Air France-KLM for Cargo Expansion
Pakistan International Airlines (PIA) has entered a strategic cargo partnership with Air France-KLM to boost its global reach and logistics capabilities, aiming to strengthen trade and connectivity.
US-India Trade Deal: Tariffs Cut, India to Buy US Oil
US President Donald Trump announces a trade deal with India, reducing tariffs on Indian goods to 18% from 50%. India agrees to lower trade barriers, stop Russian oil purchases, and buy US and Venezuelan oil instead.
Karachi Festival Empowers Women Entrepreneurs Digitally
A family festival in Karachi highlighted women's empowerment with 29 women-led stalls showcasing homegrown businesses. Young entrepreneurs shared how digital platforms transformed hobbies into sustainable income sources.
India's Record Budget for Infrastructure and Defense
India announces a record $133 billion infrastructure and $85 billion defense budget, focusing on high-speed rail, submarines, fighter jets, AI, and rare earths to boost growth and self-reliance.
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Pakistan's IMF Programme Dilemma: Economic Challenges
Pakistan faces a critical dilemma with its IMF programme, balancing economic stability demands against domestic pressures. This analysis explores the challenges, policy reforms, and potential impacts on the nation's financial future.
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