Gold climbed on Wednesday to near a record peak set in the previous session, while silver surpassed the never-before-seen $90 mark, as softer-than-expected US inflation readings cemented bets on interest rate cuts ahead amid ongoing geopolitical uncertainty. Spot gold rose 0.9% to $4,627.95 per ounce as of 0406 GMT, having hit a record high of $4,634.33 on Tuesday. US gold futures for Februa
Oil prices paused their run of gains on Wednesday, slipping after four days of increases, as Venezuela resumed exports, but fears of Iranian supply disruptions following deadly civil unrest in the major Middle Eastern producer loom over the market. Brent futures were trading 9 cents down, or 0.14% lower, at $65.38 a barrel at 0207 GMT. U.S. West Texas Intermediate crude was down 12 cents, or
The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening minutes of trading in the inter-bank market on Wednesday. At 10am, the local currency was hovering at 279.75, a gain of Re0.25 against the greenback. On Tuesday, the local unit closed at 280.00. Internationally, the US dollar recovered ground to near a one-month high in early Asian trade on Wednesd
Pakistan and the United Arab Emirates (UAE) agreed to fast-track negotiations on their proposed Comprehensive Economic Partnership Agreement (CEPA), as both sides reviewed progress and reaffirmed their commitment to deepening bilateral trade and investment ties. Ambassador of the UAE to Pakistan, Salem Mohammed Salem Al Bawab Al Zaabi, called on Federal Minister for Commerce Jam Kamal Khan at h
A day after observing massive selling, positive sentiments returned to the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading. At 9:30am, the benchmark index was hovering at 183,201.76, an increase of 817.62 points or 0.45%. Buying interest was seen in key sectors, including automobile assemblers, commercia