Spot gold surged to a record high of $4,383.73 per ounce on Monday, lifted by expectations of further US Federal Reserve rate cuts after last week’s quarter-point reduction, sustained safe-haven demand, and a softer dollar. Gold, a traditional safe-haven asset, is up 67% for the year, driven by geopolitical and trade tensions, robust central bank buying and hopes of lower interest rates next ye
Oil prices rose on Monday after officials said the US had intercepted an oil tanker in international waters off the coast of Venezuela, raising fresh supply uncertainty. Brent crude futures gained 57 cents, or 0.9%, to $61.04 per barrel by 0751 GMT, while US West Texas Intermediate crude climbed 55 cents, or 1.0%, to $57.07. “The market is waking up to the fact that the Trump administration
The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening minutes of trading in the inter-bank market on Monday. At 10am, the local currency was hovering at 280.00, a gain of Re0.25 against the greenback. During the previous week, the Pakistani rupee posted a marginal gain, appreciating by Re0.06 or 0.02% against the US dollar in the interbank market. T
Fatima Fertilizer Company Limited, one of Pakistan’s leading fertiliser manufacturers, announced on Monday that Globacore Minerals Limited, in which it holds a 32% equity stake, has entered into a joint venture agreement with Mari Minerals (Private) Limited, a wholly owned subsidiary of Mari Energies Limited. This was disclosed by the company in a notice to the Pakistan Stock Exchange (PSX) tod
As part of the frame agreement announced in August 2025, Reko Diq Mining Company has awarded Metso, a Finnish technology company, with the remaining major contracts to supply advanced Metso Plus beneficiation and dewatering equipment for Reko Diq Mining Company’s copper-gold project in Pakistan. “The total value of these now signed contracts is approximately €70 million. €40 million was recorde