Gold Set for Weekly Loss Amid Rate Hike Bets
Gold prices edged higher on Friday but are set for a weekly loss as expectations of a US interest rate hike next month dampened demand for the non-yielding metal.
Category : Business
Punjab Proposes 20% Low-Cost Housing in Private Schemes
Punjab government proposes amendments to housing rules, mandating 20% low-cost housing in private schemes and offering fee concessions to boost affordable homes.
Fishing Ban Relaxation Brings Hope to Coastal Economy
The relaxation of a 15-day fishing ban in Pakistan's coastal areas has brought relief to fishermen and boosted the local economy, with increased catches and market activity.
Toyota Marks 35 Years of Manufacturing Excellence in Pakistan
Toyota Pakistan celebrates 35 years of manufacturing excellence, highlighting industry leadership, innovation, and commitment to quality and local development.
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UK Migration Falls 171,000 in 2025, Half of 2024 Total
Net migration to the UK fell by 171,000 in 2025, reaching about half of the 2024 figure, according to official data. The decline is attributed to stricter visa rules and policy changes.
Global Oil Prices Surge, Raising Inflation Fears
Global oil prices rose sharply on Thursday, with WTI crude up $4 to $102.87 and Brent crude up $3.78 to $108.79, intensifying inflation concerns.
Gold prices surge by Rs 5,000 per tola in Pakistan
Gold prices in Pakistan rose by Rs 5,000 per tola on Thursday, with 24 karat gold settling at Rs 475,362. Silver also gained, while international gold hit $4,530.
Centre Restores 35 MMCFD Gas Supply to KP, CNG Stations Reopen
The federal government has agreed to restore 35 MMCFD gas supply to Khyber Pakhtunkhwa, enabling CNG stations to reopen from Thursday with daily supply from 6am to 6pm.
Punjab, Azerbaijan Form Joint Working Group for Economic Ties
Punjab CM Maryam Nawaz and Azerbaijan's Economy Minister Mikayil Jabbarov agreed to establish a joint working group to enhance cooperation in trade, investment, agriculture, tourism, and infrastructure.
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Discos Seek NEPRA Nod for Rs1.72/Unit Tariff Hike
Ex-WAPDA Discos have petitioned NEPRA for a Rs1.7251 per unit tariff increase due to higher fuel costs and lower generation, with a public hearing set for June 2, 2026.
Pakistan-China Business Forum Delegation Meets BOI Chairman
A high-level delegation from the Pakistan-China Business Forum met Federal Minister Qaiser Ahmed Sheikh to discuss enhancing economic cooperation and investment in key sectors.
DC Sargodha Approves Rs398 Million Welfare Grants
Deputy Commissioner Hussain Ahmed Raza Chaudhry approved Rs398 million in welfare grants for widows of government employees, benefiting 815 families before Eidul Adha.
Karachi Red Line Road Sinks Days After Opening
A newly opened stretch of Karachi's Red Line project on University Road has developed depressions and raised manhole covers, sparking safety concerns and public outrage over poor construction.
Oil Prices Fall 6% on Iran Deal Prospects
Oil prices dropped 6% amid growing expectations of a revived Iran nuclear deal, which could boost global oil supply and ease market tensions.
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China Confirms Buying 200 Boeing Jets from US
China has confirmed the purchase of 200 Boeing jets from the US, a major trade deal that could ease tensions between the two nations.
Punjab's Enrolment Crisis Deepens: 3 Million Out of School
Punjab faces a deepening enrolment crisis with over 3 million children out of school, sparking concerns over educational progress and future workforce development.
KE Issues Eidul Azha Safety Advisory for Citizens
K-Electric has released a safety advisory for Eidul Azha, urging citizens to follow precautions for safe electricity use during sacrifices.
KP Outsources 2,000 Schools to Private Sector
Khyber Pakhtunkhwa government outsources 2,000 primary schools to private sector, with Rs300,000 monthly per school. Enrollment up 89% in outsourced schools.
ICHS Officials Sent to Jail in Housing Corruption Probe
An accountability court in Pakistan sent officials of the ICHS to jail on judicial remand in a housing corruption investigation. The accused face charges of illegal allotment and misuse of authority.
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Pakistan, AIIB Sign $320.16 Million Loan for N-5 Highway
Pakistan and AIIB signed a $320.16 million loan for reconstructing National Highway N-5 under a resilient recovery framework, enhancing connectivity and trade.
Pakistani Rupee Gains 3 Paisa Against US Dollar
The Pakistani rupee appreciated by 3 paisa against the US dollar in interbank trading, closing at Rs278.57. Euro fell, British Pound rose, and gold prices remained steady.
Gold Prices Unchanged in Pakistan Today
Gold prices in Pakistan remained unchanged on May 20, 2026, with 24K gold at Rs. 250,000 per tola and 22K at Rs. 229,167, reflecting stable global trends.
PSX Turns Bullish, Gains 1,091 Points in Strong Rally
The Pakistan Stock Exchange (PSX) witnessed a bullish trend as the KSE-100 index gained 1,091 points, driven by strong investor confidence and positive economic indicators.
Kevin Warsh Confirmed as Fed Chair, But Power Is Limited
Kevin Warsh confirmed as Fed chair by Senate 54-45. His power is constrained by FOMC voting structure, with only one vote out of 12. Consensus-building is key.
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Bahawalpur Meets 80% of Cotton Target
Bahawalpur division has achieved 80% of its cotton production target for the current season, with farmers optimistic about reaching full target soon.
Pakistan Japan Strengthen Geoscience Mineral Cooperation
Federal Minister for Petroleum Ali Pervaiz Malik and Japanese Ambassador Akamatsu Shuichi visited GARL, highlighting scientific cooperation and commitment to upgrading Pakistan's mineral sector.
Gold Steady as Markets Await Fed Minutes; Tensions Ease
Gold prices held steady on Tuesday as investors paused after recent volatility, focusing on Middle East developments and awaiting Fed minutes for monetary policy clues.
PITB e-Khidmat for PPSC Exam Fees
PITB introduces e-Khidmat service for PPSC exam fee payments across Punjab, offering secure online transactions, instant confirmation, and accessibility at centers from 9am to 5pm.
Pakistan Privatises Power Distributors: FESCO, GEPCO, IESCO
Pakistan invites bids to privatise FESCO, GEPCO, and IESCO, selling 51-100% shares to reduce circular debt and attract investment.
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Closing Time: A New Era for Local Businesses
Discover how changing closing times are impacting local businesses and communities, with insights from owners and customers on the new regulations.
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