In a significant move aimed at enhancing transparency, a parliamentary committee has recommended full deregulation of the sugar sector to curb market manipulation and speculative practices. To further overcome the irregularities in the sector, the committee also proposed reconstituting the Sugar Advisory Board, removing private sector representation from the body. The recommendations came from
Gold prices inched lower on Tuesday, as investors booked profits after bullion hit a fresh high in the previous session on hopes of further interest rate cuts from the U.S. Federal Reserve and strong safe-haven demand. Spot gold was down 0.3% at $4,340.29 per ounce, as of 0248 GMT, having hit an all-time high of $4,381.21 on Monday. U.S. gold futures for December delivery eased 0.1% to $4,35
Pakistan’s current account turned into a surplus in September 2025, supported by higher inflows of workers’ remittances, according to data released by the State Bank of Pakistan (SBP). According to the vSBP, the country recorded a current account surplus of USD 110 million in September 2025, reversing a USD 325 million deficit in August 2025.This marks the first monthly surplus of FY26 after tw
The State Bank of Pakistan (SBP) has partnered with the World Bank Group, through its private sector arm, the International Finance Corporation (IFC), to expand local currency financing and support private sector growth in Pakistan. According to SBP, through an ISDA agreement, the partnership will enable IFC to manage currency risks more effectively and increase its investments in Pakistani rup
Oil prices fell for a second day on Tuesday as concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world’s top two oil consumers, weigh on the market. Brent crude futures fell 17 cents, or 0.28%, at $60.84 a barrel at 0343 GMT. The U.S. West Texas Intermediate crude (WTI) contract for November delivery , set to expire on Tuesday, eased 0.52