Gold Prices Plunge in Pakistan, Global Markets Down
Gold prices in Pakistan fell sharply on Tuesday, with per tola price dropping by Rs1,000 to Rs500,162. The decline mirrors international trends where gold lost $10 per ounce.
Category : Business
Rohri-Karachi Railway Track Work to Begin in September
Former Prime Minister Shahid Khaqan Abbasi has announced that construction on the Rohri-Karachi railway track will commence in September, marking a significant infrastructure development for Pakistan's transportation sector.
Rupee Appreciates Slightly Against Dollar in Interbank Market
The Pakistani rupee appreciated by 01 paisa against the US dollar in interbank trading, closing at Rs278.91. Forex rates for Euro, Pound, and other currencies also saw minor adjustments as per FAP and SBP data.
Pakistan's Investment Minister Meets Global Leaders in London
Federal Board of Investment Minister Qaiser Ahmed Sheikh held high-level bilateral meetings with global business leaders at the Commonwealth Trade and Investment Summit 2026 in London to strengthen Pakistan's investment partnerships and promote economic c
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Magnum Names Mert Turgut GM for Pakistan Operations
Magnum Ice Cream Company appoints Mert Turgut as General Manager for Pakistan, leveraging his 15+ years in consumer goods to drive growth and innovation in the local market.
Saudi Riyal Steady at Rs74.42 in Pakistan's Open Market
The Saudi Riyal trades at Rs74.42 against the Pakistani Rupee, with selling rates around Rs74.99, showing minimal movement since early 2026. Remittances from Saudi Arabia, a key source at $913.3 million in May 2025, support households despite reduced purc
Gold and Silver Prices Drop in Local and Global Markets
Gold and silver prices have fallen in both local and global markets, driven by economic factors and market trends. This decline impacts investors and consumers, reflecting broader financial shifts.
Rawalpindi Protectorate Leads Overseas Workforce with 26.45% Share
The Protectorate of Emigrants in Rawalpindi contributed 26.45% of Pakistan's 763,526 overseas workers in 2025, processing 52,000 registrations by mid-April 2026 under streamlined supervision.
GMCO, Ajlan & Bros Launch $300M Al-Duwaihi Gold Project
Gold and Minerals Ltd. Co. partners with Ajlan and Bros Mining Co. on a $300 million integrated gold project in Saudi Arabia's Al-Duwaihi Belt, aiming to boost economic diversification and create 1,200 jobs under Vision 2030.
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Turkey-Iran Gas Contract Expiring, No Extension Talks Underway
Turkey's long-term natural gas import contract with Iran is set to expire in July, with no current negotiations for renewal. The deal supplies 9.6 billion cubic meters annually, but actual flows have consistently fallen short.
Pakistan Repays $2 Billion to UAE in Debt Obligations
Pakistan's central bank confirmed a $2 billion repayment to the UAE as part of maturing deposits, with $3.5 billion total due by April end, amid ongoing IMF program and external financing pressures.
Saudi Arabia's Desert Farming Revolution for Food Security
Saudi Arabia is pioneering sustainable agriculture through advanced technologies like hydroponics and vertical farming to combat water scarcity and achieve Vision 2030 food security goals, reducing water use by up to 95%.
Foreign Investment Steady as Company Registrations Rise in Pakistan
Pakistan's SECP reports stable foreign investment in Q1 2026 with 220 foreign-shareholder companies registered, while overall new company registrations jumped 12.5% to 10,318, led by IT and e-commerce sectors.
Record US Drought Sparks Wildfire and Water Price Fears
Drought conditions across the contiguous United States have reached unprecedented spring levels, with over 61% of states affected. Experts warn of severe wildfire seasons, water shortages, and rising food prices due to climate-driven dry conditions.
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Iraq Fish Farmers Lose Livelihoods in Tigris Pollution Crisis
A catastrophic pollution event in Iraq's Tigris River has killed over 1,000 tons of fish, devastating local farmers. Contaminated water from the Diyala tributary, filled with untreated sewage, wiped out entire aquaculture projects overnight.
PIA Launches Pre-Hajj Flight Operations for 2026 Pilgrimage
Pakistan International Airlines has initiated its pre-Hajj flight operations, with the first flight carrying 390 pilgrims from Sialkot to Madinah. The airline plans to transport over 55,000 pilgrims through 191 flights from multiple Pakistani cities.
US Backs South Africa Rare Earths Project Despite Rift
The US has committed $50 million to the Phalaborwa Rare Earths Project in South Africa, aiming to reduce reliance on China for critical minerals used in electronics, defense, and EVs, despite strained diplomatic relations.
Saudi Arabia's $3B Rabigh 2 Gas Plant Deal Signed
ACWA Power and Saudi Energy Co. have signed a $3.07 billion power purchase agreement for the Rabigh 2 gas plant, a key project supporting Saudi Vision 2030's clean energy goals.
Saudi Arabia Urges Stronger Global Fight Against Illicit Finance
Saudi Central Bank Governor Ayman Al-Sayari emphasized the Kingdom's support for stronger international cooperation to combat money laundering and terrorist financing during the FATF ministerial meeting in Washington.
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Oman Private Sector Growth in Q4 2025: Value Added and Jobs Rise
Oman's private sector showed steady growth in Q4 2025, with enterprise numbers up 0.2% to 268,286 and total value added increasing 4.7% to 8.68 billion rials. Medium-sized enterprises led job growth at 7.9%, while GDP rose 2.3% to 42.14 billion rials.
Saudi Productive Families Compete with Restaurants
Saudi productive families are driving economic growth by blending tradition with innovation in the food industry, facing challenges like marketing and costs while offering authentic, high-quality products.
Saudi Tadawul Index Slips, Closes at 11,464 Points
Saudi Arabia's Tadawul All Share Index declined by 0.78% to close at 11,464.54 points, with trading turnover reaching SR4.92 billion. The parallel market Nomu also fell, while key corporate announcements shaped market movements.
Bangladesh PM's Plans Hit by Iran War, Fuel Prices Rise
Bangladesh's new Prime Minister Tarique Rahman faces early economic setbacks as the US-Israeli war on Iran disrupts fuel supplies, forcing price hikes and threatening stabilization plans.
AlUla Targets 500+ Native Plants by 2030 for Ecological Restoration
AlUla governorate is advancing as a global ecological restoration model through its native plant nursery and seed bank, aiming to cultivate over 500 local plant species by 2030. This initiative supports vegetation recovery, biodiversity conservation, and
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Gwadar Port's $25B Potential Faces Technical, Security Challenges
Pakistan's Gwadar port could boost the economy by up to $25 billion annually, but technical limitations, security concerns, and policy gaps hinder its development as a regional shipping hub.
Saudi US Treasury Holdings Jump 19% to $160.4 Billion
Saudi Arabia's holdings of US Treasury securities increased 19% to $160.4 billion in February, marking the highest level in recent years. The Kingdom's investments reflect strategic foreign reserve management and oil revenue recycling into global markets.
Saudi Arabia Implements 60% Saudization for Marketing, Sales
Saudi Arabia has begun enforcing new Saudization rules requiring 60% localization in marketing and sales professions, with a minimum salary of SR5,500 for Saudis, as part of Vision 2030 labor reforms.
Saudi Land Restoration Success Boosts Farm Incomes and Food Security
Saudi Arabia's rehabilitation of 1 million hectares of degraded land yields high economic returns, with modern agriculture programs increasing farm productivity and incomes significantly.
Pakistan Builds Floating Jetty in Karachi to Boost Seafood Exports
Pakistan has initiated construction of an environmentally efficient floating jetty at Karachi's Qur'angi Fisheries Harbor to boost seafood exports, currently valued at $500 million annually. The Rs120 million project aims to improve operational efficiency
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Fire at Indian Firecracker Factory Kills 20 in Tamil Nadu
A devastating fire at a licensed firecracker factory in Tamil Nadu's Virudhunagar district has resulted in at least 20 fatalities and six injuries, with rescue operations ongoing and the cause still under investigation.
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