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Gold prices drop sharply in local and global markets

Adeel RAFIQUE
KARACHI: Gold prices in Pakistan experienced a drop on Wednesday, mirroring the downturn in the international market. In the local sphere, the price for one...
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SBP enforces strict new rules to prevent unlawful freezing of customer accounts

Muhammad ibrahim
KARACHI: The State Bank of Pakistan (SBP) has introduced updated regulations to prevent banks from freezing or blocking customer accounts without proper legal authorization. The...
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Gold prices in Pakistan continue to decline amid global market dip

Muhammad ibrahim
KARACHI: On Tuesday, June 30, 2026, gold rates in Pakistan experienced further declines, mirroring the downward movement in global bullion markets driven by decreasing geopolitical...
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Railways Minister Hanif Abbasi affirms commitment to modernizing infrastructure

Muhammad ibrahim
ISLAMABAD: In a statement in Rawalpindi today, Railways Minister Hanif Abbasi emphasized the government’s dedication to upgrading the nation’s railway network through comprehensive modernization initiatives....
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Pakistan, Iran move to enhance border trade , transport connectivity

Muhammad ibrahim
ISLAMABAD: Pakistan and Iran have agreed to address outstanding issues affecting cross-border trade and transportation, while also exploring ways to strengthen economic and connectivity links...
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PM Shehbaz Sharif announces major petrol price cut amid falling global oil rates

Muhammad ibrahim
ISLAMABAD: Prime Minister Shehbaz Sharif has announced that the government will unveil a significant reduction in petrol prices tonight, providing relief to consumers as international...
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Massive cut in Petrol prices expected in Pakistan

Muhammad ibrahim
ISLAMABAD: The recent US-Iran peace agreement is anticipated to trigger a sharp decrease in petrol prices across Pakistan. While discussions are ongoing regarding the exact...
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Pakistan introduces simplified electricity bills with QR code feature

Muhammad ibrahim
ISLAMABAD: Electricity consumers across Pakistan will soon receive bills in a redesigned format aimed at improving readability and making billing information easier to understand. The...
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Pakistan Railways targets Rs1 trillion revenue in 2026-27, privatizes five trains for record Rs10.75 billion

Muhammad ibrahim
LAHORE: Pakistan Railways has successfully privatized five passenger trains through a public-private partnership (PPP) arrangement, fetching a remarkable Rs10.75 billion, The trains Awam Express, Millat...
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Karachi Port crosses 2,000 ship calls, marks busiest year in eight years

Muhammad ibrahim
KARACHI: Karachi Port has recorded its highest level of ship traffic in nearly eight years, crossing the 2,000-vessel mark and highlighting a steady rise in...
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Gold prices jump over Rs7,000 per tola ahead of Pakistan’s FY2026-27 budget

Muhammad ibrahim
KARACHI: Gold prices in Pakistan registered a substantial increase on Friday, June 12, as investors turned to safe-haven assets ahead of the presentation of the...
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President Zardari signs PIA privatisation bill into law, clearing final legal hurdle

Muhammad ibrahim
ISLAMABAD: President Asif Ali Zardari on Friday approved the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, completing the final legal process required for the...
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Think Tank presents Five-Year strategy to generate 20 million Jobs by 2031

Muhammad ibrahim
ISLAMABAD: The renowned economic research organization, the Economic Policy and Business Development (EPBD), has introduced a comprehensive five-year development blueprint aimed at creating approximately 20...
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Government extends grocery store timings to 10pm, prolongs austerity measures

Muhammad ibrahim
ISLAMABAD: The federal government has approved revised operating hours for grocery and general stores, permitting them to remain open until 10:00pm every day of the...
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Electricity tariff cut brings relief as govt eyes solar wheeling policy

Muhammad ibrahim
ISLAMABAD: Power consumers across Pakistan will receive relief after the federal government announced a reduction of Rs1.99 per unit in electricity tariffs under the quarterly...
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Major tariff reductions announced for Pharma, Logistics, and Construction sectors

Muhammad ibrahim
ISLAMABAD: The federal government has unveiled substantial tariff reductions for the pharmaceutical, logistics, and construction industries as part of the new National Tariff Policy (NTP)...
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Six months post-privatization, PIA management remains untransferred to buyer consortium

Muhammad ibrahim
ISLAMABAD: Six months have passed since the privatization of Pakistan International Airlines (PIA), but the management has yet to be transferred to the buyer. Sources...
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Power Minister confirms continuation of electricity subsidy for protected consumers

Muhammad ibrahim
ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari has clarified that the government has no plans to withdraw electricity subsidies for protected consumers...
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PSX surges as falling oil prices boost hopes of US-Iran peace deal

Muhammad ibrahim
KARACHI: Stocks rallied on Monday as falling global oil prices and renewed optimism over a possible US-Iran peace agreement lifted investor confidence, while positive IMF-related...