Gold Prices Jump in Pakistan, Global Markets
Gold prices in Pakistan increased significantly on Saturday, with per tola reaching Rs526,962 after a gain of Rs7,000, mirroring a $70 rise in international markets to $5,042 per ounce.
Category : Business
France's Egg Consumption Hits Record High in 2025
French egg consumption reached unprecedented levels in 2025, with each resident eating 237 eggs on average. Economic uncertainty and affordability are driving this trend, with projections showing continued growth through 2035.
El Paso Airport Closure and Reopening: Key Details
The El Paso International Airport experienced a sudden and unexplained closure followed by a swift reopening, sparking widespread speculation and concern among travelers and officials.
Central Bank Urges Banks to Scale Up Agri Finance in Pakistan
The State Bank of Pakistan has directed commercial banks to significantly increase their agricultural financing to support farmers and boost the national economy.
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Debt Risks Keep Pakistan's Economy Vulnerable
Pakistan's economy faces heightened vulnerability due to escalating debt risks, with public debt reaching alarming levels and external pressures mounting, threatening fiscal stability and growth prospects.
PSX Plunges 2,537 Points Amid Heavy Selling, Bears Dominate
Pakistan Stock Exchange witnessed a turbulent session with the KSE-100 index tumbling 1.39% to 180,512.65 points amid broad-based selling across key sectors including banking and energy.
Foreign Cars Flow to Russia Via China, Bypassing Sanctions
Foreign automakers are reportedly using China as a transit route to export vehicles to Russia, circumventing international sanctions imposed after the Ukraine war. This development highlights the challenges in enforcing global trade restrictions and the e
Pakistan Targets 90% Clean Energy by 2034, NA Told
Minister for Power Sardar Awais Leghari announced Pakistan will achieve 90% clean energy in power generation by 2034, with 55% already from clean sources in 2024-25. The NA also discussed net billing, circular debt reduction, and polio eradication efforts
Pakistan Debt Hits Rs 78.5 Trillion on Local Borrowing
Pakistan's total debt has surged to Rs 78.5 trillion, primarily fueled by increased domestic borrowing, raising concerns about fiscal sustainability and economic stability.
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Siemens CEO Roland Busch's Universal Automation Vision
Siemens CEO Roland Busch outlines his ambitious mission to automate everything, aiming to boost efficiency and innovation across global industries through advanced technologies.
Government Announces New Power Tariff Structure
The government has introduced a new power tariff structure, leading to increased electricity bills for consumers. This move aims to address fiscal challenges but raises concerns about affordability.
PM Shehbaz Orders Review of NEPRA Prosumer Rules
Prime Minister Shehbaz Sharif has taken notice of NEPRA's new prosumer regulations, directing authorities to review the policy to ensure it supports renewable energy adoption and protects consumer interests in Pakistan.
Energy Poverty Crisis: Over 1 Billion Without Electricity
Despite global energy demand surging, over 1.18 billion people lack electricity access. Satellite data reveals the true scale of energy poverty, with Sub-Saharan Africa most affected. Renewable energy offers hope but faces investment and governance challe
Gold Prices Surge in Pakistan, Global Markets
Gold prices in Pakistan surged significantly on Tuesday, with per tola reaching Rs526,262 after a gain of Rs15,00, mirroring international market trends where gold rose by $15 to $5,035 per ounce.
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Pakistan Issues Digital License to Kuwait's Raqami Islamic Bank
Prime Minister Shehbaz Sharif has officially issued a digital banking license to Kuwait's Raqami Islamic Bank, making it the third licensed digital retail bank in Pakistan. The move aims to strengthen bilateral economic ties and promote Sharia-compliant b
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.
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.
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