Auto experts and analysts have voiced concerns over the recently announced federal budget, warning that some of its measures could hurt Pakistan’s automobile sector and calling on the government to introduce safeguards for the industry. Speaking to Business Recorder, Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) senior vice chairman and auto analyst Shehryar Qadi
Gold fell over 1% on Tuesday and was set for a fourth straight monthly decline, as uncertainty in the Middle East gave way to expectations of US interest rate hikes to tame inflation. Spot gold declined 1.5% to $3,957.74 per ounce by 0112 GMT and was set for a monthly fall of 12.7%. US gold futures for August delivery lost 1.7% to $3,971.60. The US dollar was headed for a monthly gain,
Oil prices dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were down 0.9%, or 64 cents, at $72.51 a barrel as of 0356 GMT. These levels are around $20, or 22%, lower than last month’s closing. The more actively trade
Buying activity was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 600 points during the opening minutes of trading on Wednesday. At 10:05am, the benchmark index was hovering at 178,345.60, up by 652.68 points or 0.37%. Buying momentum was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas
Pakistan has emphasized the need to advance China–South Asia economic cooperation from traditional trade relations toward deeper industrial partnerships during the 2026 Belt and Road Trade and Investment Forum, held in Beijing under the theme “Creating the New Pattern for a Shared Future.” Atif Ikram Sheikh, Vice President of the SAARC Chamber of Commerce and Industry (Pakistan Chapter) has rea