Pakistan is developing a National Private Equity Framework to mobilise institutional capital into businesses and projects as the government seeks to increase the role of private investment in the country’s next phase of economic growth, Finance Minister Muhammad Aurangzeb said. The finance minister informed, while addressing the “Fireside Chat: Pakistan: External Shocks Remain Manageable” at th
Nishat Group’s automotive venture, NexGen Auto, has officially revealed the prices of the iCAUR V27 and iCAUR V23, marking a major step forward in the introduction of the iCAUR brand to Pakistan. The collaboration was announced in April 2026, at a landmark ceremony held in Beijing, between Nishat Group and Chery International (the parent company of iCAUR). Built around the philosophy “Born to P
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with the UK’s Minister of State for Trade, Anas Sarwar, at the Department for Business and Trade in London. High Commissioner of Pakistan to the UK, Tipu Usman, and Advisor to the Finance Minister, Khurram Schehzad were also present during the meeting. Both Ministers expressed resolve to achieve tangible result
Oil prices fell for a third day on Friday as easing concerns over Saudi supply disruptions outweighed anxiety about a widening the Middle East conflict amid fresh fighting between Saudi Arabia and Yemen’s Houthis. Brent crude futures fell 79 cents, or 0.75%, to $104 a barrel by 0319 GMT, while US West Texas Intermediate futures fell 70 cents, or 0.69%, to $101.20 a barrel. Both benchmarks cl
Gold inched higher on Friday as lower oil prices and a subdued US dollar offered support, while market participants kept their focus on developments in the Middle East and the outlook for global monetary policy. Spot gold was up 0.2% at $4,346.65 per ounce, as of 0145 GMT. US gold futures were down 0.3% at $4,385.70. Oil prices fell 1%, while the dollar remained subdued after retreating from