News

Gold rises Rs1,000 on global fluctuations

Gold prices in Pakistan rose again on Wednesday after a dip, mirroring an increase in international rates. In the local market, the price of gold per tola reached Rs275,900, reflecting a single-day rise of Rs1,000, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This follows a drop on Tuesday when the price of gold per tola declined by Rs2,100 in the dome

Honda, Nissan explore possible merger

Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals. A combined Honda and Nissan would create a $54 billion company with annual output of 7.4 million vehicles, making it the world's third-largest auto grou

Oil price cut must benefit consumers

The federal government has asked provincial administrations to take action against petroleum product dealers for failing to pass on the full impact of price reduction to consumers. The federal government has slashed petroleum prices several times but the entire benefit has not reached consumers owing to the poor administrative control of provinces. Now, the government has asked provinces to tak

ECC green-lights new EPZ in Balochistan

Pakistan on Wednesday approved the establishment of a new Export Processing Zone (EPZ) in Balochistan with 80% Chinese ownership, a move authorities claim has the endorsement of the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, greenlit the establishment of the Siah Dik Copper Project in District Chag

ECC green-lights new EPZ in Balochistan

Pakistan on Wednesday approved the establishment of a new Export Processing Zone (EPZ) in Balochistan with 80% Chinese ownership, a move authorities claim has the endorsement of the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, greenlit the establishment of the Siah Dik Copper Project in District Chag