Gold prices rose on Thursday, supported by a weaker dollar, while investors weighed growing optimism over a potential US-Iran deal to end the war that has pushed up energy prices and fuelled fears of higher inflation. Spot gold rose 0.7% to $4,821.44 per ounce by 0301 GMT. US gold futures for June delivery gained 0.4% to $4,844.40. The US dollar hovered near its lowest level in six weeks, ma
Buying rally continued at the Pakistan Stock Exchange (PSX) as investors rejoiced after the Kingdom of Saudi Arabia committed $3 billion in additional deposits to Pakistan, pushing the benchmark KSE-100 Index above the 170,000 level during the opening minutes of trading on Wednesday. At 9:24am, the benchmark index was hovering at 169,922.18, up by 4,287.34 points or 2.59%. Across-the-board b
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has urged rice exporters to set an ambitious target of $10 billion in rice exports and assured them of full support from his ministry and port authorities. Chaudhry, accompanied by Chairman Karachi Port Trust (KPT) Rear Admiral Shahid Ahmed, visited the Rice Exporters Association of Pakistan (REAP) to discuss export growth and
Pakistan is in talks with Saudi Arabia and China to repay a loan of about $3 billion to the United Arab Emirates (UAE), reported Bloomberg, citing people familiar with the matter. The development comes after Pakistan “failed to reach an agreement with the UAE to roll over the debt for the first time in seven years”, prompting Islamabad to arrange alternative funding. As per the report, the a
The Ministry of Industries and Production reviewed the draft ‘Auto Policy’, which is expected to be unveiled on July 1, 2026, and stated that the policy focuses on localization to help bring vehicle prices down. In this connection, a meeting was held here on Tuesday under the chairmanship of Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, with a