Pakistan’s long-awaited 5G spectrum auction will be held on March 10, 2026, with major telecom operators already depositing USD45 million as advance participation fees, signalling strong industry interest in the rollout of next-generation mobile services. The National Assembly Standing Committee on Information Technology and Telecommunication was chaired by Syed Amin ul Haq, MNA, in which the c
Janana De Malucho Textile Mills Limited has announced the resumption of operations with effect from February 26, 2026. The listed company, engaged in the manufacture and sale of yarn, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “We are pleased to inform that the company’s management has decided to resume its production activities with effect from 26-02-
Oil prices inched down on Friday and were on track for a weekly decline after the United States and Iran extended nuclear talks, easing concerns about potential hostilities that could disrupt supply, while OPEC+ may resume output hike at its Sunday meeting. Brent crude futures lost 5 cents to $70.70 a barrel by 0331 GMT. U.S. West Texas Intermediate crude fell 1 cent to $65.20. For the week,
Gold was broadly steady on Friday, as a drop in US Treasury yields eased the opportunity cost of holding bullion, offsetting a firm dollar and signs of progress in US-Iran talks. Spot gold held at $5,184.69 per ounce by 0301 GMT. Gold was set for its seventh straight month of gains, rising more than 6% in February, as US tariff uncertainty and mounting US-Iran tensions boosted its safe-haven
Selling pressure continued unabated at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 700 points during the opening hours of trading on Thursday. At 9:35am, the benchmark index was hovering at 163,902.49, a decrease of 723.80 points or 0.44%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and