Gold prices in Pakistan continue upward trend amid global surge

Listen to article Gold prices in the local market continued their upward trajectory on Tuesday, mirroring the surge in global demand and record-high international rates. In the international bullion market, the price…

PCC discusses draft framework, plans regulatory authority

Listen to article ISLAMABAD: The Pakistan Crypto Council (PCC) held a high-level meeting today at the Finance Division to discuss the draft regulatory framework for digital and virtual assets in Pakistan. The…

OMCs failing to keep 20-day stock to face penalties

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has decided to impose penalties and in some cases suspend licences of oil marketing companies (OMCs) over failure to maintain 20-day oil…

Oil gains as wildfires threaten Canada supply

NEW YORK: Oil prices rose by over 2% on Monday, despite producer group OPEC+ sticking with output hike plans, as wildfires burning in Canada’s oil-producing province threatened supply and President…

Stocks close bearish amid tax hike concerns

KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Monday as investor interest remained muted ahead of the federal budget announcement. The KSE-100 index reached the intra-day high…

Inflation rate jumps tofive-month high of 3.5%

ISLAMABAD: Pakistan’s annual inflation rate accelerated to 3.5% in May, the highest level in five months, due to a sudden spike in food prices ahead of the budget, breaking the…

MYT impact estimated at over Rs300b

ISLAMABAD: The Power Division has challenged the regulator’s decision on granting a multiyear tariff (MYT) to K-Electric (KE), alleging that it will allow the company to collect over Rs300 billion…

Gold surges as uncertainty grows

KARACHI: Gold prices in Pakistan surged on Monday, tracking a sharp rally in the international market where the precious metal rose over 2%—its highest level in more than three weeks.…

Pakistan for creating growth opportunities

ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan has emphasised the need for creating more opportunities for economic growth and mutual stability within the Economic Cooperation Organisation (ECO) region. “We…

SNGPL to lay dedicated pipelines for industries

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) Chief Executive Officer Aamir Tufail has said that the gas-related issues faced by industrialists are being resolved on a priority basis. In this…